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Rice Prices Soar 10-15% Amid Global Shortage; Wheat Stable, Pulses See Modest Gains
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CNBC TV18•29-09-2026, 17:49
Rice Prices Soar 10-15% Amid Global Shortage; Wheat Stable, Pulses See Modest Gains
- •Global rice production is projected to fall by 9%, while import requirements are expected to increase by 14%, driving a 10-15% rise in rice prices, according to Dev Garg of the India Rice Exporters Federation.
- •India's rice production estimate has been lowered to 146 million tonnes, but domestic supply is secure with 27 million tonnes in Food Corporation of India stocks.
- •India's rice exports are expected to remain at 22-23 million tonnes, with higher international prices benefiting farmers.
- •Wheat prices are likely to remain range-bound around –2,925-2,980 per quintal in Delhi, supported by 48 million tonnes of government stocks and the open market sale scheme.
- •Pulses prices are anticipated to rise by a modest 4-5%, with overseas supplies and government stocks, including 4 lakh tonnes of yellow peas, limiting sharper increases.
Key Questions Answered
Rice prices could climb another 10-15% from current levels due to a widening global demand-supply gap and lower production forecasts.
Wheat prices in Delhi are expected to remain range-bound around ₹2,925-2,980 per quintal, cushioned by robust government stocks of around 48 million tonnes.
Pulses prices are expected to gain a modest 4-5% rather than surge drastically, with chana prices projected to move towards ₹70-71 per kg supported by comfortable government stocks.
