Wheat stock update: Wheat stocks expected to be 80% above reserve requirement by April 1 next year: Government

The government said on Friday that wheat stocks in FCI godowns are expected to be 134 lakh tonnes at the start of the next fiscal year, 80% above the buffer norm. In a written response to Rajya Sabha, Food and Consumer Affairs Minister Piyush Goyal said the central wheat stock as of July 1, 2022 was well above food grain stocking standards.

“As of July 1, 2022, Food Corporation of India (FCI) and state government agencies have 285.10 lakh tons of wheat stock in the central pool against the stocking norm of 275.80 lakh tons,” it said. -he declares.

In the current 2022-23 marketing year, Goyal said wheat purchases have been around 188 lakh tons.

“…it is projected that even after fulfilling the requirements of Pradhan Mantri Garib Kalyan Anna Yojana (until September 2022) and the public distribution system, the projected wheat stock as of April 1, 2023 would be 134 lakh tons per compared to the standard storage of 74.6 lakh tonnes,” the minister said.

Under the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY), 5 kilograms of free food grain per person is distributed to approximately 80 million people covered under the National Food Security Act (NFSA). This is in addition to the regular NFSA subsidized food grain distribution (ie 35 kg per Antyodaya Anna Yojana family per month and 5 kg per month for the priority beneficiary household).

The program, which was first introduced in April 2020, has been extended until September this year.

Goyal pointed out that the wheat production estimate has been revised down due to the start of summer this year.

In addition, there has been a rise in world wheat prices for various geopolitical reasons, he added.

“The government is committed to addressing India’s food security needs first and also supporting neighboring countries and other vulnerable developing countries that are affected by the sudden shifts in the global wheat market and are not cannot access adequate supplies of wheat,” Goyal said. said.

Therefore, he said, the central government changed the wheat export policy from free to prohibited.

“According to the available stock and other projections through April 2023, the country has sufficient stock of food grains to meet the needs of the PDS and other social protection programs and to meet any other contingencies” , said Goyal.

On May 13, the government suspended wheat exports with immediate effect.

It moved the export of all varieties of wheat, including high-protein durum wheat, from the “free” category to the “prohibited” category. The decision was aimed at controlling rising wheat prices in the domestic market.

India had exported a record 7 million tonnes of wheat in the 2021-22 financial year.