
India’s wheat output is expected to decline by 5% to 10% compared with 2025 levels, according to trade officials. Unseasonal rain and hailstorms during the harvest period have affected yields in key growing regions.
This outcome contrasts with the government’s forecast of higher production for the current season. Despite the anticipated decline, overall supply conditions remain comfortable due to high inventory levels.
The anticipated fall in wheat output follows above‑average rainfall between March and mid‑April 2026. Major wheat‑producing states, including Madhya Pradesh, Uttar Pradesh, Punjab, Haryana, and Rajasthan, experienced weather disruptions during harvesting.
Together, these regions account for over 80% of India’s total wheat production. Rain and hail damaged standing crops and reduced harvest quality, lowering yield expectations for this season.
The government has projected a record wheat output of 120.21 million metric tons for the current year. Trade estimates now suggest actual production may undershoot this figure due to weather‑related losses.
This gap highlights uncertainties between early‑season forecasts and final output assessments. The divergence may influence procurement volumes and operational planning by government agencies.
Government agencies aim to procure 30.3 million tons of wheat during the 2026 procurement season. However, early buying has been slower than anticipated, similar to trends observed over the past 4 years.
To address this, quality norms were recently relaxed to widen eligible procurement volumes. Market participants estimate that actual procurement may range between 26 million and 28 million tons.
India’s wheat stocks in government warehouses stood at 21.8 million tons at the start of April 2026. This represents an 85% increase from a year earlier and marks the highest level in 5 years.
Current inventory levels are nearly 3 times the government’s buffer stock requirement. These reserves are expected to meet domestic demand and help stabilise prices despite lower output.
Read More: India Allows Export Of 25 Lakh Metric Tonnes of Wheat Under Amended Policy.
India’s wheat production is likely to decline due to adverse harvest‑season weather in key states. The shortfall contrasts with initial government forecasts but does not point to immediate supply constraints.
High stock levels and a strong 2025 harvest have created a supply cushion. Overall, the wheat market remains supported by ample inventories and moderated procurement expectations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 24, 2026, 1:47 PM IST

Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
