Bags Full, Market Calm—Government Holds Back Wheat Reserves Amid Stable Prices

India’s Food Secretary Sanjeev Chopra has confirmed that the country’s wheat prices and supply levels are currently comfortable, and there is no immediate need to release stock from government reserves. The statement comes amid speculation over potential market interventions to curb inflation and stabilize grain prices.

 

Chopra emphasized that the government has sufficient wheat stock to meet the needs of welfare schemes and to intervene in the market if necessary. He noted that 30 lakh tonnes have already been released under the Open Market Sale Scheme (OMSS) this fiscal year, primarily to processors and flour millers.

 

Key Highlights

Market Outlook

Despite rising food inflation, wheat prices have remained relatively stable due to ample government reserves and strong procurement. The Centre continues to monitor speculative trading and hoarding, with potential policy interventions on standby to ensure price stability.

 

The government is also investing in silo infrastructure to improve bulk storage and logistics efficiency, aiming to support long-term food security and reduce supply chain bottlenecks.

 

Sources: Rediff Money, Business Standard, Economic Times, Miller Magazine