“India’s rice stocks in government warehouses rose 15% from a year ago to a record high for the start ​of June, while wheat stocks reached a five-year peak driven by ‌increased farmer procurement, official data showed on Tuesday.

Record rice stocks will help the world’s biggest exporter increase shipments despite concerns over rainfall due to an El Nino weather ​pattern, while an improvement in wheat inventories will help the federal ​government tame any price spikes later this year by increasing ⁠open market sales.”

From Reuters.