Wheat stocks at six-year low; prices touch fresh high, shows data

Government says stock adequate to meet all PDS and PMGKAY needs

The wheat stock in the central pool reached its lowest level in the past six years as on December 1, 2022, while prices touched a record high of nearly Rs 2,900 a quintal in North Indian markets even as sowing continued at a brisk pace, raising hopes of a good harvest if weather remains favourable in the coming months.

According to the latest data from the Food Corporation of India (FCI), the stock was at 19.02 million tonnes, which was the lowest since December 2016, when it was at 16.5 million tonnes.

It is, however, 38 per cent more than