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Kerala Kaumudi Online
Saturday, 30 May 2020 11.54 PM IST

No need for panic buying, India has enough food to feed its poor: FCI

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NEW DELHI: DV Prasad, chairman of Food Corporation of India, said that the country will have enough grain stockpiles to feed its poor for at least a year-and-a-half.

“There is absolutely no need to worry as far as the availability of wheat and rice is concerned in any part of the country,” Prasad said.

According to the FCI chairman, the FCI will have 100 million tons in warehouses across India by the end of April, compared with an annual requirement of 50 million to 60 million tons under various welfare programs for the poor. India is likely to produce a record 292 million tons of food grains in 2019-20.

“There is absolutely no need to worry as far as the availability of wheat and rice is concerned in any part of the country,” he said.

He further added that there is no need for panic buying as it can only lead to inflation.

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