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Ajay Goyal, chairman of the Wheat Products Promotion Society, said India is heading for one of its biggest wheat surpluses, with a potential record 117 million tonne crop and government stocks likely above 50 million tonnes by June 1. He said this makes a review of the wheat export ban almost unavoidable next year.
Rabi sowing is reportedly 10-15 days early, with acreage seen up 3-4%.
A large Indian surplus and a possible easing of export curbs would add supply to world wheat markets and pressure international prices. Domestic procurement and private trade would also shift.
cnbctv18.comManisha GuptaDec 2, 2025After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
