The procurement of rice for 2015-16 kharif season has begun from this month and the government is targeting a total procurement of 300 lakh tones (LT), of which 69 LT would be purchased from five north eastern states. The states are Uttar Pradesh, Bihar, Jharkhand, West Bengal and Assam. State-run Food Corporation of India (FCI), which is the government’s nodal agency for procurement and distribution of foodgrains, has decided to allow private players to purchase about 10 LT of kharif rice in Uttar Pradesh and some eastern states in the ongoing procurement season.
In Uttar Pradesh, private players will be allowed to buy 3.5 LT of rice out of the targeted 27.50 LT for the 2015-16 kharif season. For procurement of rice in remaining four states, FCI is in the process of short-listing private companies.
As per the government’s first estimate, rice production is estimated to decline to 906.1 LT in the 2015-16 kharif season from 908.6 LT last year due to deficient monsoon.
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