Grain prices remain stable in India amid conflict in the Middle East
India maintains strong food security with buffer stocks nearly 3x above norms, ensuring stable grain prices despite global tensions. Government interventions via open market sales and welfare schemes like the National Food Security Act continue to support supply stability and protect vulnerable populations from inflationary pressures.
Resilience is being ensured by sales from government reserves in the open market, noted S. Shikha, a spokesperson for the Ministry of Consumer Affairs, Food and Public Distribution.
Indian authorities are closely monitoring the food security situation in the country amid tensions in the Middle East, and grain prices in India remain stable. This was stated at a briefing by S. Shikha, a spokesperson for the Ministry of Consumer Affairs, Food and Public Distribution. Indian authorities are closely monitoring the food security situation in the country amid tensions in the Middle East, and grain prices in India remain stable. This was stated at a briefing by S. Shikha, a spokesperson for the Ministry of Consumer Affairs, Food and Public Distribution.
“Price stability is being ensured by sales of grain from government reserves in the open market. Prices remain stable,” she said.
According to Shikha, government reserves currently amount to approximately 22.2 million tonnes of wheat and 38 million tonnes of rice. “A total of approximately 60.2 million tons, which is approximately three times higher than the established buffer stock standards,” she emphasized.
Shikha also noted that the National Food Security Act continues to support vulnerable groups.
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Source : Ukr Agro Consult
