Govt to buy paddy, rice at lower than production costs

The government yesterday announced to buy paddy and rice at prices that are below the production cost, raising doubts whether it would be able to attain the procurement target of the staple to build an adequate public stock. The decision came at a meeting of the Food Planning and Monitoring Committee (FPMC) chaired by Food Minister Sadhan Chandra Majumder. The FPMC decided to