Tweak FCI’s procurement strategies to boost rice exports: Expert panel

Tweak FCI’s procurement strategies to boost rice exports: Expert panel

For boosting India’s non-basmati rice exports, the government needs to ensure

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For boosting India’s non-exports, the government needs to ensure that a higher pool of surplus rice is available to exporters by suitably modifying Food Corporation of India’s (FCI) procurement strategies, a high-powered panel of experts on agriculture exports said.

The panel was constituted by the 15th Finance Commission (FFC) to suggest measurable performance incentives for States to encourage agriculture exports as well as to promote crops that can help in high import substitution.

It comprised of senior representatives from the industry, academicians and former bureaucrats.

The panel said FCI is the largest buyer of rice in the domestic market for Public Distribution System (PDS) – approx. 40 million tonnes annually.

And, with the Minimum Support Price (MSP) increasing year on year it is leading to smaller export surplus and uncompetitive pricing in the international market for Indian non-

A reason perhaps why, despite being the world’s second largest producer…

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