ARTICLE 3 #India Commodities News

The Centre has allocated 10 lakh tonnes (lt) —5 lt wheat and rice each —to cooperative organizations such as National Agricultural Cooperative Federation of India Ltd (Nafed) and National Cooperative Consumers Federation of India (NCCF) for further retail sale directly to consumers under “Bharat” brand, which may help resume sales of these essential items at cheaper than market prices.

A recent study predicts that international rice prices will remain subdued until 2026, largely due to bumper harvests and record stockpiles in India. According to IRRI and The Rice Trader, India’s government rice reserves hit 37.9 million tonnes as of August, fueled by record crops and strong procurement under the MSP policy. With supply expected to outpace domestic demand by nearly 30 million tonnes, India’s surplus is reshaping the global rice trade.