India’s 2025 wheat harvest exceeded expectations, restoring domestic stockpiles and eliminating the need for imports. The Food Corporation of India (FCI) procured 29.7 million metric tons of wheat, the highest in four years, and total stockpiles are expected to reach around 44 million tons.
This could put downward pressure on global wheat prices, especially amid strong output from major exporters and weakening demand from China. Favorable weather, improved seed varieties, and better soil moisture conditions contributed to higher yields, particularly in key states such as Madhya Pradesh.
The Indian government has ruled out both imports and export liberalization, focusing on stabilizing domestic availability and prices. With the 2025 harvest estimated between 109.63 and 115.4 million tons, India’s wheat outlook is strong, removing uncertainty from both domestic and international markets.
