𝗜𝗻𝗱𝗶𝗮 𝗥𝗲𝗰𝗼𝗿𝗱𝘀 𝗛𝗶𝗴𝗵 𝗚𝗿𝗮𝗶𝗻 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀
India grain stocks reached significant levels at the start of June. Official data shows rice and wheat inventories rose due to high procurement from farmers.
Key grain statistics:
- Rice stocks reached 68.43 million metric tonnes.
- This rice level stands far above the government target of 13.5 million tonnes.
- Wheat stocks reached 53.41 million metric tonnes.
- This wheat level is the highest since 2021 and nearly double the 27.6 million tonne target.
Production and procurement details:
- Rice production reached 154.02 million tonnes in the 2025-26 crop year.
- Wheat production reached 120.66 million tonnes in the 2025-26 crop year.
- The government procured approximately 35 million tonnes of wheat.
Market and weather factors:
- India provides 40 per cent of global rice exports.
- The government removed rice export restrictions in March 2025.
- The El Nino weather pattern may reduce rainfall for the upcoming kharif season.
- The Food and Agriculture Organisation warns that El Nino could stress rainfed crops like rice and maize.
- High stock levels provide a buffer against potential supply changes and price shifts.
Source: The Times of India