It's a common sight for anyone driving on a Punjab highway. Overflowing granaries, with tarpaulin-covered sacks of wheat and rice extending up to the roadside. And that's where most of it remains, till it rots.
The country clearly has more foodgrains than it needs. This year, thanks to an all-time high wheat procurement of 16.2 million tonnes in the rabi season, food stocks will swell to 42 million tonnes by the end of this month. That's about 10 million tonnes more than last year and 17.7 million tonnes more than we need. For, the country's buffer stock need is set at 24.3 million tonne.