Sufficient food grain stocks may put a stop to rise in price due topoor monsoon, said a commodities broking firm. “Poor rainfall this year can have an obvious impact on food prices, thereby impacting inflation. However, India has some respite in the form of comfortable levels of food grain stocks,” broking firm Angel Commodities said in a report. In 2002-03, the release of these stocks had aided to contain rise in inflation, mainly in food grains.
The government has confirmed that it has sufficient food grain stocks to meet demand under the public distribution system (PDS) and other welfare schemes during 2009-10, the report said. As on June 1, food grain stocks stood over 535 lakh tonne against the government’s annual requirement of 496 lakh tonne.
The government has confirmed that it has sufficient food grain stocks to meet demand under the public distribution system (PDS) and other welfare schemes during 2009-10, the report said. As on June 1, food grain stocks stood over 535 lakh tonne against the government’s annual requirement of 496 lakh tonne.
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