NEW DELHI: Food Corporation of India, the country's main grain procurement agency, has bought 100,000 tonnes of new season wheat from local farmers, its chairman said on Monday.
"We will have 5.5 million tonnes of wheat and 22 million tonnes of rice on April 1, taking overall grain stocks to 27.5 million tonnes," Alok Sinha said.
Sinha said in an interview last week that his agency had started buying wheat two weeks earlier than usual this year and was confident it would bag 15 million tonnes in 2008, a target which if met could eliminate the need for major imports.
"We will have 5.5 million tonnes of wheat and 22 million tonnes of rice on April 1, taking overall grain stocks to 27.5 million tonnes," Alok Sinha said.
Sinha said in an interview last week that his agency had started buying wheat two weeks earlier than usual this year and was confident it would bag 15 million tonnes in 2008, a target which if met could eliminate the need for major imports.
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