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Report: Food Corporation to start year without excess stock

Report: Food Corporation to start year without excess stock

Tuesday, March 7, 2017, 2:16 PM
The Food Corporation of India plans to start the new procurement season for wheat without any excess inventory. To stabilize the prices of grain FCI was aggressive in selling its stock to bulk purchasers in the market. On April 1, the FCI is expected to have an inventory of around 6.6 million ton, same as the buffer stock prescribed.
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