# Feature: India's wheat stocks hit 16-year low as record sales, free distribution raise supply concerns

> India's state wheat stocks fell to 7.5 million tonnes at the start of April, a 16-year low, as the government sold record volumes to curb prices. The government plans to procure about 33.5 million tonnes in the 2024-25 marketing year, roughly 28 percent above the prior year.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/30692-feature-india-s-wheat-stocks-hit-16-year-low-as-record-sales-free-distribution
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Very low Indian public wheat stocks and an aggressive procurement plan point to reduced export availability and firmer domestic demand, supporting global wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-09-30 | [U.S. grains: Wheat futures surge as supplies drop to 14-year low - Grainews](https://feedsoft.ai/events/11320-u-s-grains-wheat-futures-surge-as-supplies-drop-to-14-year-low-grainews.md) | +5.6% | +8.7% |
| WHEAT | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.2% | -0.5% |
| WHEAT | 2022-02-10 | [India's wheat exports set for record amid rare surge in shipments. Read here \| Stock Market News](https://feedsoft.ai/events/42689-india-s-wheat-exports-set-for-record-amid-rare-surge-in-shipments-read-here.md) | +0.3% | +16.6% |
| WHEAT | 2017-05-11 | [Rural News Crop report pegs cut in global wheat production next year, but record stocks set to remain](https://feedsoft.ai/events/70950-rural-news-crop-report-pegs-cut-in-global-wheat-production-next-year-but-record.md) | -2.4% | +0.8% |
| WHEAT | 2024-05-18 | [French wheat conditions hold at 4-year low, maize planting picks up - AgriInsite](https://feedsoft.ai/events/30176-french-wheat-conditions-hold-at-4-year-low-maize-planting-picks-up-agriinsite.md) | +19.7% | +8.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/041924-indias-wheat-stocks-hit-16-year-low-as-record-sales-free-distribution-raise-supply-concerns

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