# Food subsidy may surpass BE by Rs 20,000-crore - Economy News | The Financial Express

> India's food subsidy spending for FY25 may reach Rs 2.25 lakh crore, about Rs 20,000 crore above the budget estimate. The increase reflects higher storage costs for stocks of 58.62 million tonnes held by the FCI and higher MSP for wheat and rice.

- Date: 2024-12-29 · published 2024-12-29T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/10458-food-subsidy-may-surpass-be-by-rs-20-000-crore-economy-news-the-financial
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Indian rice and wheat stockpiles and rising support prices point to continued government stock management, which can influence export policy and global grain prices.

## Read by commodity

- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-08-07 | [FCI rice stocks balloon on export barrier, OMSS failure - India News \| The Financial Express](https://feedsoft.ai/events/69409-fci-rice-stocks-balloon-on-export-barrier-omss-failure-india-news-the-financial.md) | +1.3% | +2.7% |
| RICE | 2016-11-29 | [Relief for Centre, as rice, wheat, arhar, potato prices stable despite demonetisation - Commodities News \| The Financial Express](https://feedsoft.ai/events/73830-relief-for-centre-as-rice-wheat-arhar-potato-prices-stable-despite.md) | +4.2% | -3.0% |
| RICE | 2018-04-12 | [Madhya Pradesh’s Basmati claim \| India News - The Indian Express](https://feedsoft.ai/events/65584-madhya-pradesh-s-basmati-claim-india-news-the-indian-express.md) | +2.9% | -2.8% |
| RICE | 2018-06-24 | [India pares restriction-free food exports to Maldives amid tension in ties \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/64487-india-pares-restriction-free-food-exports-to-maldives-amid-tension-in-ties.md) | -7.9% | -4.8% |
| RICE | 2021-11-17 | [India to pitch for permanent solution for food security in WTO meet \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/44023-india-to-pitch-for-permanent-solution-for-food-security-in-wto-meet-economy-and.md) | +1.6% | -4.1% |
| WHEAT | 2017-12-26 | [Narendra Modi government has not overlooked farmers’ concerns - Opinion News \| The Financial Express](https://feedsoft.ai/events/67449-narendra-modi-government-has-not-overlooked-farmers-concerns-opinion-news-the.md) | +0.3% | +3.0% |
| WHEAT | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | -4.7% | -1.9% |
| WHEAT | 2021-11-17 | [India to pitch for permanent solution for food security in WTO meet \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/44023-india-to-pitch-for-permanent-solution-for-food-security-in-wto-meet-economy-and.md) | +1.3% | -7.4% |

## Sources

- financialexpress.com: https://www.financialexpress.com/policy/economy-food-subsidy-may-surpass-be-by-rs-20000-crore-3702784/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.