Sufficient foodgrains stocks available in the Country to meet domestic requirement: Centre – Business Dunia

New Delhi. , During the last two years the prices of wheat and rice have increased more or less in line with the MSP increase during the relevant years. The prices were comparatively low during 2021-22 as around 80 LMT of food grains were offloaded in the open market through OMSS to control the prices.

The Government of India is regularly monitoring the price scenario of essential commodities including wheat and rice and taking necessary corrective measures.

Due to the unprecedented geopolitical situation, procurement remained low, so the Government of India had not intervened in the market through OMSS till now. However, Govt. The Government of India is well aware of the price scenario and is monitoring it regularly on a weekly basis. Government has taken proactive steps to avoid further price escalation and export rules have been implemented with effect from 13.05.2022 in case of wheat and 08.05.2022 in case of rice. After this, the prices of wheat and rice were brought under immediate control.

In order to control the prices and avoid any hardship to the weaker sections of the society, the Government of India has extended the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for another three months (Phase VII) from October 2022 to December 2022 so that To ensure that the poor and needy of the country do not face any hardship in the upcoming festive season and to protect them from the adverse forces of the market.

The Government of India has ensured that sufficient stock of food grains is available in the central pool to meet the additional requirements of the National Food Security Act (NFSA), other welfare schemes and PMGKAY and that prices remain under control.

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