India govt Jul 1 wheat stocks at 5-year high of 41.8 mln tn.

Wheat inventory in the government’s central pool has touched a five-year high of 41.8 mln tn as of Jul 1. Higher inventories this year are mainly because of increased procurement in the country. Government’s wheat procurement for the current year started April was 35.5 mln tn, 15.8% higher on year till Jun 25.