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India’s Rice Overflow Meets Wheat Deficit: Balancing the Grain Scales
As of January 1, 2025, India's rice reserves have soared to an unprecedented 60.9 million metric tons, surpassing the government's target of 7.6 million tons. This surplus positions India to boost rice exports without jeopardizing domestic supply. Conversely, wheat stocks have dwindled to 18.4 million tons, significantly below the five-year average of 26.7 million tons, prompting traders to urge the government to increase wheat sales to alleviate market shortages.
Source: Business Standard
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