Record rice reserves will help to increase shipment to the world’s largest exporters, while improving the wheat list will help the federal government to increase the sale of open markets at any time of this year.
There are a total of 5.5.5 million metric tons of record with unpaid paddy in rice reserves till June 1.
Wheat reserves were on June 7.
“Rice shares have been overwhelmed. The government really needs to bring them down before the next purchase season begins in October,” said the New Delhi-Deillar of the Global Trading Firm.
India removed the last part of the export curb on the grain in March 2015, which had about 40% of world rice exports, imposed initial restrictions in the 5th. Mainly, due to excess purchase, wheat stocks have increased in a comfortable position, which has helped New Delhi to sell bulk customers to sell more wheat, helping to sell bulk customers during the Mumbai season. According to data collected by the Food Corporation of India (FCI), the government has so far brought 30 million tonnes of wheat from the farmers from the farmers.
Over the past three years, frustrating harvesting and low purchase of FCI have increased the prices of the main grain and the expectation that wheat could be forced to import for the first time in seven years.
But to be prepared in shares this year, the country should be able to meet domestic demand without importing.
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