India’s rice stock in government warehouses rose 15% from a year ago to a record high for the start of July, while wheat stocks reached a four-year peak driven by increased farmer procurement. State reserves of rice, including unmilled paddy, totalled a record 55.66 million matric tons as of July 1 far exceeding the government’s target of 13.5 million tons for July 1. Wheat stock stood at 35.9 million tons on July 1 well above the government’s target of 27.6 million tons and the highest since 2021.
India, which accounts for arround 40% of global rice exports, removed the last of its export curbs on the grain in March 2025. Disappointed harvests in the last three years and lower purchases by the food corporation of India, the state run agency that buys food grains from farmers had pushed of prices and raised expectations that India may be forced to import wheat for the first time in seven years. As a result, the country should be able to meet domestic demand without imports.
Presentation -Dibyabharati Nayak