Commodity Online NEW DELHI: Indian Agricultural Ministry is planning to allocate around two million tonnes of rice as strategic reserves to meet exigencies.
The higher procurement of rice so far in the ongoing 2008-09 marketing season, expected to cross 10 million MT in a day or two, would also help in creating the strategic reserve of rice, if it decides so.
In 2007-08 season, rice procurement was at a record 285.02 lakh MT against the target of 276 lakh MT. Initially, there were concerns that government might not be able to achieve its target.
