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India's Record Rice Stocks Boost Global Exports
16 Jun
Summary
- Government warehouses hold record rice stocks, up 15% year-on-year.
- Wheat inventories reach a five-year peak, aiding price stability.
- Record production in the past crop year fuels these abundant reserves.
As of June 1, 2026, India's government warehouses hold a record quantity of rice, a 15% increase from the previous year. Rice reserves now total 68.43 million metric tons, significantly exceeding the July 1 target of 13.5 million tons. This ample stock provides confidence for continued rice exports, despite concerns about potential rainfall deficits due to El Niño.
Concurrently, wheat stocks have reached their highest level since 2021, standing at 53.41 million tons on June 1, 2026. This figure surpasses the government's target of 27.6 million tons. The increased wheat inventories will enable the government to manage domestic prices by releasing stocks into the open market.
These impressive grain reserves are attributed to record production in the 2025/26 crop year, with rice output at 154.02 million tons and wheat at 120.66 million tons. Ample monsoon rainfall during that period encouraged farmers to expand cultivation areas, leading to the bumper harvests.
