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15 October 2009 at 16:25 IST
India has enough grains stocks to meet demand: Minster
MUMBAI (Commodity Online): Delayed monsoon and aggressive rainfall, ensuing crop damage and expected production fall, will not create a grains deficiency position in India as it has sufficient food grains stocks to meet domestic demand, said Minister.
On the sidelines of a conference, India’s Minister for State Agriculture, K V Thomas, the country does not need to import food grains to meet its domestic requirements as the national reserves of food grains are sufficient to meet demand.
India’s current stocks of wheat stand around 32.6 million metric tons, while those of rice are at 25.3 million tons.
Scanty rains in the first two months of the monsoon season that began June 1 hit summer-sown crops such as rice and oilseeds. Floods in parts of the country during the end of the season in September further affected standing crops.
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