Key facts
- India's rice stocks reached a record 68.43 million metric tons as of June 1.
- Wheat stocks in India reached 53.41 million tons on June 1, the highest since 2021.
- Ample rice stocks will allow India to continue exports despite potential El Nino impacts on rainfall.
- High wheat inventories position the government to release stocks to control prices.
- India's rice and wheat production hit record highs in the 2025/26 crop year.
India's government warehouses hold record rice stocks and the highest wheat inventories in five years as of early June, according to official data. Rice reserves climbed 15% from a year ago to 68.43 million metric tons, significantly exceeding the government's target. Wheat stocks reached 53.41 million tons, also well above targets and at their highest level since 2021.