FCI

The government on Thursday announced the sale of 25 lakh tonne of FCI wheat till March 2025 to bulk domestic consumers to check the "inflationary trend in the food economy". Wheat will be sold under the government's Open Market Sale Scheme (OMSS) initiative, managed by the state-owned Food Corporation of India (FCI) to regulate the supply and prices. The nodal Food Ministry, in a statement, said a reserve price for wheat under OMSS is fixed at Rs 2,325 per quintal for fair and average quality (FAQ) grain and Rs 2,300 per quintal for URS (Under Reduced Specifications) grain. Wheat will be sold until March 31, 2025, through e-auction to private parties, including flour mills, manufacturers of wheat products, processors and end users. However, the government did not reveal the date of commencement of the FCI wheat sale to bulk users. Last year, FCI sold more than 10 lakh tonne of wheat to bulk users under the OMSS.

Move aimed at bolstering FCI's working capital and supporting the agricultural sector

The decision is aimed at enhancing the operational capabilities of FCI in fulfilling its mandate effectively

State-run Food Corporation of India (FCI) plans to install about 23,750 cameras across its 561 depots as it is upgrading to a modern IP-based video surveillance system in the storage depots. The implementation of this new IP-based system will significantly enhance monitoring capabilities through high-resolution imaging, improved scalability, and remote access, the Food Ministry said in a statement. CCTV Cameras installed in the new surveillance system will support onboard analytics features like camera tempering, camera field of view change, camera blur/out of focus, motion detection and trip wire etc. This new surveillance system will feature the establishment of a centralised Command Control Centre (CCC) and a Network Operating Centre (NoC) at FCI headquarters. The health of the installed system will be centrally monitored through the CCC, along with a provision for storing incidental data on-demand basis. It will also offer advanced video analytics and strengthened security ...

The food ministry has signed an agreement with the state-run Food Corporation of India (FCI) for the 2024-25 fiscal year, aiming to enhance efficiency and accountability in foodgrain procurement and distribution. The MoU (Memorandum of Understanding) sets specific performance benchmarks, including metrics for FCI depots, and outlines accountability measures to optimise public fund usage in food security operations. "Depot efficiency parameters like capacity utilization, operational losses, security measures, and modernisation of processes are part of the performance benchmarking," the ministry said in a statement. This initiative underscores the government's commitment to refining the Public Distribution System (PDS) and ensuring efficient management of food subsidy funds through improved FCI operations. Established in 1965, FCI handles the purchase, storage, transport, distribution, and sale of foodgrains. It relies entirely on central government food subsidies, having no independ

The government on Thursday permitted the sale of up to 23 lakh tonnes of rice from Food Corporation of India (FCI) stocks to grain-based ethanol distilleries, reversing a ban imposed last year. The food ministry, as per a directive, has allowed ethanol producers to participate in e-auctions and purchase rice between August and October 2024 under the Open Market Sale Scheme (OMSS). This decision comes as the government grapples with surplus rice stocks exceeding 540 lakh tonnes, prompting efforts to create storage space for the upcoming harvest. The ministry stated, "Maximum 23 lakh tonne may be allowed for lifting to ethanol distilleries." Ethanol makers can purchase rice through weekly e-auctions. Purchases are subject to ethanol allocation by oil manufacturing companies. The government had halted rice sales for ethanol production in July 2023. The ban coincided with restrictions on non-basmati white rice exports. The FCI has been conducting e-auctions for rice sales to private

Tenders for enhancing grain storage capacity are awarded through a transparent, online process that many states governed by INDIA bloc parties have also adopted, Union Food and Public Distribution Minister Prahlad Joshi said on Wednesday. The issues of food storage capacity increase and privatisation of Food Corporation of India (FCI) godowns were addressed in the Lok Sabha on Wednesday, with Joshi responding to questions from Trinamool Congress (TMC) MP Sudip Bandyopadhyay. Bandyopadhyay raised concerns about the sufficiency of the storage capacity at FCI godowns and the involvement of a private entity in the sector. He pointed out that sophisticated silo godowns were being set up, primarily in Maharashtra and Gujarat, by the private company and questioned if the government planned to hand over FCI's operations to it. Responding to these questions, Joshi clarified that the overall storage capacity was 837.68 lakh metric tons (LMT) with 650-700 LMT foodgrains typically stored. "To

States can directly buy rice from the Food Corporation of India at Rs 2,800 per quintal without participating in the e-auction if they need it for their welfare schemes, Union Food and Consumer Affairs Minister Pralhad Joshi said on Thursday. The Centre last year did not provide rice to states because of apprehensions of lower output in view of poor monsoon rains. Karnataka had demanded rice last year for its welfare scheme but the request was rejected. In June 2023, the Centre discontinued the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments. Addressing a press conference here, Joshi said, "States can directly buy rice from central pool at Rs 2800 per quintal. They do not need to participate in the e-auction process." He said there has been no demand so far from any state. According to an official statement, States can purchase rice from Food Corporation of India (FCI) under the Open Market Sale Scheme (Domestic) without .

Last year, FCI began selling wheat to private players in June. It sold a little more than 10 million metric tons in the fiscal year to March 2024, a record sale from state reserves

The Food Corporation of India (FCI) has procured 26.6 million tonnes of wheat during the current Rabi Marketing Season (RMS) 2024-25, surpassing last year's figure of 26.2 million tonnes, the government said on Wednesday. The procurement, which began earlier than usual this year, has benefited more than 2.2 million farmers who received about Rs 61 lakh crore directly in their bank accounts as payment at the Minimum Support Price (MSP), it said in a statement. The government had set the MSP for wheat at Rs 2,275 per quintal for the current season (April-March). States like Uttar Pradesh and Rajasthan showed significant improvements in their wheat procurement, the statement said. Uttar Pradesh procured 9,31,000 tonnes compared to 2,20,000 tonnes last year, while Rajasthan achieved 12 lakh tonnes, up from 4.38 lakh tonnes in the previous season. In addition to wheat, the government reported that paddy procurement during the 2023-24 Kharif Marketing season exceeded 77.5 million tonnes

The CBI has arrested a general manager of the Food Corporation of India (FCI) posted in Bhubaneswar, Odisha, for allegedly receiving a bribe of Rs one lakh for securing a tender relating to transportation of rice, officials said. In addition to arrested General Manager Prem Singh Bhanot, the CBI has also arrested Manager (Accounts) of FCI Sanjoy Dey, Proprietor of M/s SP Traders and Suppliers Pvt Ltd Malina Dey and middleman Syed Hasnain Ahmed, they said. The CBI has alleged that Bhanot "aided and favoured" SP Traders and Suppliers Pvt Ltd in connection with the tender pertaining to 'Transportation of Rice Grain'. "An accused middleman contacted and informed the GM, FCI, that said Proprietor would like to offer him a bribe for having facilitated her in the allotment of work order in tender. The accused GM asked him to inform the Proprietor to give Rs 5 lakh as bribe in lieu of this favour rendered to her," said a CBI spokesperson. The agency carried out a trap operation in which ..

At the start of the month wheat reserves in state stores totalled 26 million metric tons, down from 29 million metric tons in May 2023, according to the state-run Food Corporation of India

Wheat inventories in government warehouses fell to 9.7 million metric tons at the start of March, the lowest since 2017

Wheat reserves in state stores totalled 9.7 million tons at the start of this month, down from 11.7 million tons in March 2022, the state-run Food Corporation of India said

The government has increased the authorised capital of state-run Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore to enhance the operational capabilities and fulfill its mandate effectively, the Food Ministry said on Saturday. FCI is the central government's nodal agency that undertakes procurement of foodgrains at a minimum support price (MSP) to protect the interest of farmers. It also maintains strategic stocks and distributes the grains under different welfare schemes. "The increase in authorized capital is a significant step towards enhancing the operational capabilities of FCI in fulfilling its mandate effectively," the ministry said in a statement. FCI resorts to cash credit, short-term loan, ways and means etc. to match the gap in the fund requirement. The increase in the authorised capital will reduce the interest burden, decrease the economic cost and ultimately affecting the government subsidy positively, it said. With this infusion of capital, th

Union Minister Piyush Goyal on Sunday asked state-owned FCI to adopt modern technologies in its overall functioning, reduce the cost of operations and prevent any wrong-doings besides winning the trust of farmers and poor beneficiaries under the public distribution system. The Food and Consumer Affairs Minister also asked FCI and its employees not to tolerate corruption in its operations. He was speaking at the 60th Foundation Day of the Food Corporation of India (FCI), the government's nodal agency for procurement and distribution of food grains. The FCI was established on January 14, 1965. Addressing the event, Goyal complemented the FCI for ensuring that farmers get reasonable prices for their produce and providing food grains to 81 crore people. He asked the FCI and its employees to focus on three priorities. First, he said, "We should win the trust of our farmers as well as our beneficiaries, which are poor and lower-middle-income people. This should be our first priority to

Wheat production is expected to touch a new record of 114 million tonnes in the ongoing 2023-34 crop year on higher coverage and provided weather conditions remain normal, a top food ministry official said on Wednesday. The last leg of sowing of wheat, the main rabi (winter) crop, is underway and will continue till next week. Till last week, wheat was planted in 320.54 lakh hectares, as per the official data. Wheat production stood at a record 110.55 million tonnes in the 2022-23 crop year (July-June), compared to 107.7 million tonnes achieved in the previous year. "We expect that total area under cultivation of wheat will increase this year and God willingly if the climate is alright the production will be 114 million tonne that's what the agriculture ministry has indicated informally to us," Food Corporation of India (FCI) Chairman and Managing Director Ashok K Meena told reporters. Area sown to wheat crop is also showing an increase compared to the last year. There was a deficit

The Food Corporation India (FCI) has sold 4.29 lakh metric tonnes of wheat and 14,760 metric tonnes of non-fortified rice through 25 open market e-auctions in West Bengal from June to December this year, an official of the agency said on Saturday. FCI Deputy General Manager (West Bengal region) Pradeep Singh said the Open Market Sales Scheme (domestic) had been done through the e-auction portal of M-junction. "In a bid to stabilise the prices of the cereals and also to increase affordability for the general public, the FCI has sold 4.29 lakh metric tonnes of wheat and 14,760 metric tonnes of non-fortified rice in West Bengal through 25 open-market e-auctions from June to December this year," Singh said. The FCI will also continue to supply the staples through the public distribution system (PDS) free of cost, he said. While the reserve price of wheat for e-auction sales is Rs 2,150 per quintal, it is Rs 2,900 per quintal for non-fortified rice. Singh said fortified rice is supplie

Expressing concern over rice inflation, FCI chief Ashok K Meena on Friday asserted that the PDS rice is of "extremely" good quality and urged traders to buy the grain under the Open Market Sale Scheme (OMSS) to boost domestic availability and contain price rise. To encourage more participation of rice traders and processors under the OMSS, the Food Corporation of India (FCI) on Friday increased the bid quantity to 2,000 tonnes per bidder from 1,000 tonnes and the minimum bid quantity was reduced to 1 tonne from 10 tonnes, he said. The positive response received for wheat sales under the OMSS has helped keep wheat and atta prices under check. In the case of rice, the offtake of grain has not been much, so far, under the scheme, he added. Briefing media, FCI Chairman and Managing Director Meena said, "Rice inflation data is slightly a concern. It is at 13 per cent year-on-year, which is a cause of worry. That's why we are selling rice under the OMSS". However, rice sale has been only

In September last year, India imposed a ban on broken rice exports and put a 20 per cent export tariff on non-basmati and non-parboiled rice, aimed at improving domestic supplies