India buys record wheat to ensure food security

India buys record wheat to ensure food security
Comment E-mail Print Share
First Published: Fri, May 23 2008. 11 01 PM IST
Updated: Fri, May 23 2008. 11 01 PM IST
New Delhi: To ensure food security, India has bought from local farmers 20.7 million tonnes (mt) of wheat from local farmers, the most since it gained independence in 1947.
Finance minister P. Chidambaram said in a news conference on Friday that the government has purchased 24.5mt of rice locally this year. The country will buy more rice by 30 September.
India, the world’s second biggest consumer of wheat, had targeted to buy 15mt of wheat this year, Chidambaram said. Last year the government had bought 11.12mt of the grain, the food ministry said.
feedback@livemint.com
Comment E-mail Print Share
First Published: Fri, May 23 2008. 11 01 PM IST
More Topics: Food | India | Farmers | Money Matters | Commodities |