Document rice shares will assist the world's greatest exporter improve shipments, whereas an enchancment in wheat inventories will assist the federal authorities to tame any worth spikes later this yr by rising open market gross sales.
State reserves of rice, together with unmilled paddy, totalled a document 55.66 million metric tons as of July 1, far exceeding the federal government's goal of 13.5 million tons for July 1.
Wheat shares stood at 35.9 million tons on July 1, effectively above the federal government's goal of 27.6 million tons and the very best since 2021, the info confirmed.
A New Delhi-based vendor at a worldwide buying and selling agency, talking on situation of anonymity as a result of the dealer was not authorised to talk publicly, described the inventories as “alarmingly excessive,” including even increased exports of 2-3 million tons would do little to decrease them.
India, which accounts for round 40% of world rice exports, eliminated the final of its export curbs on the grain in March 2025. The Rice Exporters Affiliation expects shipments from India to rise by practically 25% from a yr earlier to a document 22.5 million tons this yr. Disappointing harvests within the final three years and decrease purchases by the Meals Company of India, the state-run company that buys meals grains from farmers, had pushed up costs and raised expectations that India could also be pressured to import wheat for the primary time in seven years.
This yr, nevertheless, the federal government has procured 29.9 million tons of wheat from farmers, probably the most in 4 years, in line with Meals Company of India knowledge.
Because of this, the nation ought to be capable to meet home demand with out imports.
