SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rice procurement may surpass 32 MT in 2015-16 marketing year

12 Jan 2016 Evaluate

The procurement of rice by the government may surpass last year’s level of 32 million tonnes (MT) in the 2015-16 marketing year despite prospect of lower production due to deficient monsoon. The procurement of rice has risen by 31% to 20 MT so far in the 2015-16 marketing year that started from October compared to 15.29 MT in the year-ago period. The procurement operations are undertaken by the Centre’s nodal procurement agency Food Corporation of India (FCI) and state government-owned agencies.

The procurement of rice in Punjab rose to 9.34 MT in 2015-16 from 7.78 MT in the last year. Similarly, rice purchase in Haryana increased to 2.85 MT from 2.01 MT in the review period. Rice procurement in Andhra Pradesh has more doubled to 1.2 MT so far this year as against 558,573 tonnes in the year-ago period, while Telangana state procured only 907,180 tonnes as against 1.28 MT in the said period.

Further, in Chattishgarh, the procurement was up at 2.53 MT from 1.56 MT, while in Uttar Pradesh the purchases rose to 1 MT from 6,05,000 tonnes in the said period. Rice procurement in Odisha increased to 736,945 tonnes so far this year from 159,793 tonnes in the year-ago period.



About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×