The government has ruled out possibility of wheat import saying there is adequate buffer stock to meet the requirement under the Public Distribution System (PDS). Food Minister Ram Vilas Paswan has said that there is an adequate stock in the central pool to meet the PDS requirement. As on December 1, state-owned Food Corporation of India had 27.55 MT of foodgrains, of which wheat was 16.4 MT and rice was 11 MT.
The government has recently scrapped import duty on wheat to boost domestic supplies and curb price rise. The private players have imported more than 1.7 million tonnes (MT) of wheat so far and more shipments are expected at zero Customs duty.
The Agriculture Ministry has been maintaining wheat output to be higher at 93.55 MT for the 2015-16 crop year (July-June), which the industry has countered and said the output has lowered to 86-88 MT. The Agriculture Ministry is targeting a record 96.50 MT of wheat output for 2016-17.
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