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FCI faces massive losses of 711.18 LMT food grain ...
FCI faces massive losses of 711.18 LMT food grain stocks till Aug' 2020 Food Corporation of India (FCI) has been under fire for the past few years because of its mounting losses. With over 711.18 Lakh Metric Tonne (LMT) of food grains stocked till August 2020, the corporation is again faced with massive losses.
The stocks rose steadily over last few months as FCI continuously procured through last four months wherein stocks were recorded at 742LMT in July and around 741 LMT in June. In May, the FCI had stocks of 622LMT of food grains, rice and wheat.
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