We Had An Indian Last Night
Very nice it was too, special mixed Kashmiri Rogan Josh if you're asking. Ordered an extra portion of pilau and a naan whilst they still had any left.
Our chums at Dow Jones are carrying an interesting story today, in which they quote the Indian finance minister as saying:
"We are starting the year with good buffer stocks. The normal buffer stock for wheat is 4 million (metric) tons and for rice it is 5.2 million tons.
Excluding the 9.2 million tons of buffer stocks, India has another 3 million tons of wheat and 2 million tons of rice in strategic reserves, the minister added."
That makes 7 MMT of wheat and 7.2 MMT of rice on hand. Hardly bumper stocks by my reckoning in a country that consumes 6.5 MMT of wheat and 7.7 MMT of rice a month.
Reuters yesterday said that Indian wheat and rice stocks were 33 MMT and 19.6 MMT respectively at the end of July.
Quite a disparity, we'd better hope it's the latter not the former that's true.
Our chums at Dow Jones are carrying an interesting story today, in which they quote the Indian finance minister as saying:
"We are starting the year with good buffer stocks. The normal buffer stock for wheat is 4 million (metric) tons and for rice it is 5.2 million tons.
Excluding the 9.2 million tons of buffer stocks, India has another 3 million tons of wheat and 2 million tons of rice in strategic reserves, the minister added."
That makes 7 MMT of wheat and 7.2 MMT of rice on hand. Hardly bumper stocks by my reckoning in a country that consumes 6.5 MMT of wheat and 7.7 MMT of rice a month.
Reuters yesterday said that Indian wheat and rice stocks were 33 MMT and 19.6 MMT respectively at the end of July.
Quite a disparity, we'd better hope it's the latter not the former that's true.