India’s rice exports fell nearly 60% in April-May 2025 due to weak global demand and high inventories among buyers. Prices have dropped to multi-year lows, with 5% broken white rice hitting a five-year low of $384/tonne. Despite lifting export curbs in late 2024, the global rice market remains oversupplied, depressing prices. Surplus production and record…
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…
India’s wheat procurement for the 2024-25 season has increased by 14.4% to 29.46 million tonnes, primarily due to higher purchases in Madhya Pradesh and Rajasthan. Other states have contributed significantly despite lower procurement in Punjab and Haryana due to increased private buying and farmer stockpiling. Private players have offered higher-than-MSP prices amid scarcity, and wheat…
The Indian government’s wheat procurement has reached 28.66 million tonnes in the current 2025-26 marketing year, surpassing last year’s level. This is the highest since the 2022-23 marketing year, driven by projections of a record wheat output of 115.3 million tonnes. The total wheat purchase stood at 26.59 million tonnes in the 2024-25 marketing year….
India’s rice procurement reached 45.84 million tonnes as of February 28, a 5% increase from last year. The Kharif season rice production is estimated at a record 119.93 million tonnes. Key states like Bihar, Uttar Pradesh, and Madhya Pradesh reported higher procurement, while Punjab and Haryana saw a decline. The Food Corporation of India (FCI)…
In the next few days, government agencies are expected to acquire more wheat than they did the previous year 262 lakh tonnes as of Saturday. As of now, purchases have reached about 261 lakh tonnes. The total is anticipated to not meet the initial estimate of 300–310 lakh tonnes. Madhya Pradesh has extended its procurement…
“The Department of Food and Public Distribution directs traders, wholesalers, retailers, big chain retailers, and processors in all states and union territories to declare their stock position on the portal beginning April 1, 2024, and continuing every Friday until further orders,” according to the order issued by the Department of Food and Public Distribution on…
The government is ramping up its Bharat brand of staples to control prices, with Nafed and NCCF tasked with procuring wheat directly from farmers, particularly in states like Bihar, Rajasthan, and eastern Uttar Pradesh where MSP benefits are often missed. This move aims to reduce reliance on FCI for wheat procurement. FCI’s role in ensuring…
The government’s wheat stock has dropped to its lowest level since 2016. Madhya Pradesh, which is the second-biggest contributor to the central pool wheat stock after Punjab, plans to purchase 8.2 million tonnes of grain during the 2024–25 rabi marketing season (April–June). In the preceding marketing season (2023–24), Madhya Pradesh made a total procurement drive…
With a peak sale of 0.48 in the weekly e-auction for bulk buyers, the government’s open market sale scheme (OMSS) of wheat from the Food Corporation of India (FCI) storage on Wednesday exceeded a record 8.48 million tonne. The wheat stock at FCI is at 11.93 , the lowest since 2016.Based on an assessment, the…
