Grain prices remain stable in India amid conflict in the Middle East

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.

Tags: prices, wheat, India