India's rice procurement up 9.8% year-on-year

    According to an Indian government official, between October 1 and November 15, India's state-owned Food Corporation procured 11.06 million tons of rice from farmers, up 9.8% from the same period last year. Procurement in the same period last year was 10.07 million tons. In the 2008/09 year, the state-owned Food Corporation procured a total of 33.3 million tons of rice from farmers. As of November 1, federal rice stocks stood at 21.7 million tons, 5.2 million tons above the buffer level.