India has announced a temporary suspension of wheat imports, citing favorable domestic production forecasts. Commerce Minister Piyush Goyal stated that the nation expects a record wheat harvest of 114 million metric tons (MMT) this year, bolstering domestic reserves and reducing the need for foreign procurement.
As of January 2025, India’s wheat stocks stood at 16.47 MMT, the lowest since 2017 but still significantly above the minimum requirement of 7.46 MMT set for the new agricultural year commencing April 1. This robust stock position, despite active distribution from local granaries, underscores the country’s self-sufficiency in wheat production.
In contrast, during 2022, India faced a substantial decline in wheat output due to abnormal heatwaves, leading to an export ban to safeguard domestic supplies. In the previous year, the government sold approximately 6 MMT of wheat to local bulk buyers starting June 1, as the Food Corporation of India commenced grain sales from its reserves.
Additionally, Minister Goyal announced the discontinuation of duty-free corn imports, aligning with domestic farmers’ plans to expand corn cultivation. The government also intends to maintain restrictions on sugar and rice exports to protect the interests of local producers and consumers.
These measures are part of the national ‘Export’ project, aimed at creating a comprehensive support system for domestic companies and redirecting focus towards friendly markets. The project’s primary objectives include optimizing effective mechanisms and enhancing infrastructure in importing countries to meet the needs of Russian businesses. These updated national projects have been implemented since 2025, following directives from President Vladimir Putin.
India’s decision to halt wheat imports reflects a strategic response to favorable domestic production and stock levels. By focusing on self-reliance and supporting local agriculture, the country aims to stabilize its food supply and protect the interests of its farmers and consumers.
