Indian rice stocks, including unmilled husk varieties at state warehouses, totalled 37.6 million metric tons on Aug 1, the sources told Reuters.
Stocks held as of Aug 1 include 24.6 million metric tons of rice and 13 million metric tons of the unmilled variety, the sources said.
State-run warehouses must have 13.5 million metric tons of rice, including strategic reserves of 2 million metric tons for the quarter beginning July 1, according to local government rules.
FCI bought 84.6 million metric tons of rice paddy from domestic farmers during the 2022-23 marketing year, yielding around 57 million metric tons of rice.
Indian farmers harvested a record 135.5 million metric tons of rice in 2022-23, according to the Ministry of Agriculture & Farmers Welfare.
Persons:
Rajendra, Stocks, Krishna Rao, Rao, Mayank Bhardwaj, Rajendra Jadhav, Alexander Smith
Organizations:
REUTERS, Reuters, Food Corporation of India, FCI, Ministry of Agriculture & Farmers Welfare, El, Rice, Association, Thomson
Locations:
Kakinada Anchorage, Andhra Pradesh, India, DELHI, MUMBAI, Delhi, B.V