ARTICLE 2 #India Rice Updates

INDIA – India has teamed up with the World Food Programmed (WFP) to combat global hunger by agreeing to supply fortified rice to crisis-affected populations worldwide. The partnership was formalized through a Letter of Intent (LoI) signed between the WFP and the Government of India, marking a new milestone in international efforts to ensure food security for vulnerable communities.

India’s rice procurement in the 2024-25 season (October-September) has reached 545.22 lakh tonnes (lt) until August 31, up from 525.22 lt a year ago. Due to higher procurement, the government is now planning a roadmap to dispose of as much surplus grain as possible. The Food Corporation of India (FCI) has already allowed traders to buy a minimum of 1 tonne of rice directly from a depot at the reserve price.