Commodity News

Good News! FCI Agrees to Buy Raw Rice from Telangana Rice Millers

Here comes the good news for rice millers of Telangana. Now, The Food Corporation of India (FCI) has agreed to buy 3.44 lakh tonnes of raw rice from Telangana rice millers. Last week, an FCI delegation has met the officials of the Telangana State Civil Supplies Department.

Here various discussions related to procurement and storage was held. Adding to it, the officials also explained to the FCI team about issues which are faced by the State in procurement and storage of the crop last year.

Telangana Civil Supplies Department official said, “We have procured 68 lakh tonnes of paddy in the kharif and rabi seasons last year. We require space to store 23 lakh tonnes of rice in the FCI godowns.”

About FCI:

The Food Corporation of India, popularly known as FCI was established under the Food Corporation's Act 1964.

Its aim was to fulfill following objectives of the Food Policy:

Effective price support operations for safeguarding the interests of the farmers.

Distribution of foodgrains throughout the country for public distribution system (PDS).

To maintain satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security.

Since its inception, FCI has played a crucial role in India's success in transforming the crisis management oriented food security into a stable security system



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