Data compiled by National Collateral Management Services (NCML, a non-government body) shows a 6.3 per cent rise to 109 million tonnes (mt). The Union ministry of agriculture's first advance estimate was 100.5 mt, as compared to 102 mt in last year's fourth advance estimate.
While reforms may translate into new opportunities for firms like ITC, Adani Wilmar and Reliance Retail, farmers are unlikely to use it for fear of upsetting commission agents.
With grain procurement target significantly higher, FCI is faced with storage space shortage.
The IIT-Madras alumnus, who moved to Canada for an MBA programme and settled there, is not new to investing in India.
Fairfax Financial Holdings made three investments in a month
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