# FCI Has Too Much Wheat: Either It Must Revise Prices, Or Auction Stocks

> India's FCI holds stocks well above norms, with 16.99 mt of wheat and 29.29 mt of rice in April. The government ordered the sale of 10 million tonnes of wheat through open market sales, and wheat output is estimated at a record 99.12 mt.

- Date: 2019-05-13 · published 2019-05-13T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/59032-fci-has-too-much-wheat-either-it-must-revise-prices-or-auction-stocks
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Large Indian government wheat stocks and open-market sales add supply to domestic and possibly export markets, which is bearish for wheat and rice prices.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-10 | [Once Again, the Centre Has Excess Wheat, Rice Stocks. What Are Its Options? - The Wire](https://feedsoft.ai/events/47568-once-again-the-centre-has-excess-wheat-rice-stocks-what-are-its-options-the-wire.md) | -3.9% | -1.5% |
| WHEAT | 2023-01-26 | [India to release 3 mil mt wheat from government stocks to rein in prices \| S&P Global](https://feedsoft.ai/events/37760-india-to-release-3-mil-mt-wheat-from-government-stocks-to-rein-in-prices-s-and.md) | +3.7% | +2.0% |
| WHEAT | 2026-02-25 | [India permits 25 lakh tonnes wheat export; FCI stocks at 182 lakh tonnes - The HinduBusinessLine](https://feedsoft.ai/events/20577-india-permits-25-lakh-tonnes-wheat-export-fci-stocks-at-182-lakh-tonnes-the.md) | +0.6% | +0.7% |
| WHEAT | 2024-07-10 | [Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India](https://feedsoft.ai/events/29224-government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban.md) | -4.1% | -2.7% |
| WHEAT | 2017-11-10 | [India's wheat import tariff weighs on prices for Black](https://feedsoft.ai/events/67961-india-s-wheat-import-tariff-weighs-on-prices-for-black.md) | +0.9% | +1.0% |
| RICE | 2021-04-10 | [Once Again, the Centre Has Excess Wheat, Rice Stocks. What Are Its Options? - The Wire](https://feedsoft.ai/events/47568-once-again-the-centre-has-excess-wheat-rice-stocks-what-are-its-options-the-wire.md) | -1.6% | +8.4% |
| RICE | 2024-07-10 | [Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India](https://feedsoft.ai/events/29224-government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban.md) | -15.8% | -11.1% |
| RICE | 2022-12-09 | [India's ban on rice and wheat exports has been a failure - Nikkei Asia](https://feedsoft.ai/events/38198-india-s-ban-on-rice-and-wheat-exports-has-been-a-failure-nikkei-asia.md) | -0.7% | +5.3% |

## Sources

- swarajyamag.com: https://swarajyamag.com/economy/fci-has-too-much-wheat-either-it-must-revise-prices-or-auction-stocks

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