The government stated that India currently has sufficient foodgrain stocks and ample edible oils, thanks to regular imports, domestic production, and existing reserves. Fertilizer security remains robust, consistently surpassing requirements for all major fertilizers. Wheat stock in the Central Pool as of May 28 stood at 513 lakh metric tonnes, well above the prescribed buffer norm for July 1 of 275.80 LMT.
Rice stock in the Central Pool is at 397 LMT, exceeding the buffer norm of 135.40 LMT for July 1. The government also mentioned that around 298 LMT of procured paddy is yet to be milled and added to rice stocks. The country’s supply of edible oils remains satisfactory, with ongoing imports from key countries like Indonesia, Malaysia, Russia, Ukraine, Argentina, and Brazil.
India’s sugar availability is deemed sufficient to meet domestic demand, with ample stocks and production levels ensuring continuous market supply. The Department of Fertilisers reported an addition of nearly 132.43 LMT of fertilizers through imports and domestic production post the crisis situation. The government highlighted that India has secured significant amounts of Urea, DAP, and NPKs, with additional procurement in progress.
Despite challenges, India achieved notable domestic production figures for urea and DAP in May. The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 aims to provide additional credit support to eligible businesses, with a total target credit flow of Rs 2,55,000 crore, including a specific allocation for airlines, in response to the West Asia situation.
