Friday, June 5, 2009

Procurement

Wheat is the major ingredient / input for making bread, biscuits. All private companies make consistent, contracted buying of wheat from farmers across India.

Government also buys wheat and wheat is also getting exported. This is creating competition across various players over a period of time and likely to result in crisis when production is hampered due to natural causes.

My concern is, does the government, FCI have got alternative plans to tackle unforeseen circumstances, protection of price rice for retail customers? I didnt see any major action on Rice price movement.... thats why....

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