In July, India's rice inventory reached a record high, while wheat stocks reached a four-year peak.

According to reports, the rice stock in Indian government warehouses has increased by 15% compared to the same period last year, reaching a historic high, while wheat stock has reached a four-year peak due to increased procurement. The record rice stock will help the world's largest exporter, India, increase its exports, while the improvement in wheat stocks will help the government suppress potential price increases later this year by increasing public market sales. As of July 1, the national rice reserves, including unprocessed rice, reached a record 55.66 million tons, far exceeding the government's target of 13.5 million tons on July 1. Data shows that as of July 1, India's wheat stock was 35.9 million tons, far exceeding the government's target of 27.6 million tons, and reaching the highest level since 2021.