FCI rice stock hits 5-year high at 25 million tonnes

According to the official Second Advance Estimates, the country's rice output is estimated at 111.01 mt for 2017-18, a record

Rice stocks with Food Corporation of India’s (FCI’s) central pool reached 25 million tonnes (mt) at end-April, the highest since 2013.
 
As of Monday, the total of rice with it and its other nominated agencies was 32.96 mt, a third from Punjab (11.83 mt). Wheat procurement is at 29.67 mt, with plans to buy another two to three mt.
 
“Although the rice stock is relatively high, it is not at an alarming level. We require 32 mt of rice and 36 mt of wheat in our central pool for one year of distribution need, through the Public Distribution