Kharif procurement over as Assam ends purchases; govt likely to under pressure to liquidate surplus stocks
India’s rice procurement for buffer stocks in the nine months until June 2025 was 531.13 lakh tonnes (lt), including over 68 lt of rice from the rabi crop. The current procurement is marginally higher than the 525.48 lt procured a year ago.
The procurement is relatively on higher side, since the annual requirement under various schemes including the public distribution system (PDS) is around 410 lt and the buffer norm is 135 lt on July 1. However, the carryover stock with the government was higher than 321 lt as of July 1 and approximately, a similar quantity of unmilled paddy.
As the government is under pressure to find ways to liquidate surplus rice stock after meeting its obligations under PDS and other schemes, there has been consistent release to ethanol distilleries at subsidised rates of ₹22.50/kg.
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