Despite the government's assurance to keep paddy procurement centres open until January, the arrivals in the market over the past week have averaged between 50,000 to 60,000 tonnes per day. This is significantly lower than expected. Private traders and millers have been active in the market, mainly focusing on fine varieties, which has further impacted the government's procurement efforts.
Very few mills have come forward to take up the process of custom milling rice (CMR) following an unprecedented condition set by the State government to submit 10 percent of bank guarantee against the cost of grains in the district.
A total of 24,197 metric tonnes of paddy grains produced in the Vanakalam season-2023 was handed over to millers expecting 16,211 metric tonnes of rice to be returned by May 15 this year.
Hyderabad: Telangana State Civil Supplies Corporation (TSCSC) chairman Mareddy Srinivas Reddy directed the officials to take measures to overcome challenges faced in handing over Custom Milling Rice (CMR) to the Food Corporation of India (FCI). He said the longer the delay in handing over the CMR, the greater the financial burden on the Corporation and […]
Hyderabad: Chief Minister K Chandrashekhar Rao’s sustained efforts resulted in the Food Corporation of India (FCI) agreeing to procure additional 20 lakh tonnes of parboiled rice from the Yasansi season, Civil Supplies Corporation Chairman M Srinivas Reddy said on Thursday. Srinivas Reddy and rice millers thanked the Chief Minister for his intervention and making FCI […]
