At the start of the Indian procurment season, the government is still facing severe storage shortages. The large bumper crop is overwhelming current capacities that still hold much of last year’s procurement. Government reactions include plans to add more storage capacity, release additional grain to the open market, and export to neighboring nations. Meanwhile, significant amounts of grain continue to rot, leaving it either reduced to animal feed or wasted entirely.
No Storage Space for Bumper Stock in Country’s Food Bowl
on October 16, 2012