Indian wheat stocks held in government warehouses for December fell to the lowest in six years, government data showed on Tuesday, as prices jumped to a record high on rising demand and falling inventories.
Lower state reserves could hobble the government's efforts to release stocks to cool wheat prices, something it does regularly for bulk buyers such as flour and biscuit makers.
Wheat reserves in state stores totalled 19 million tonnes at the start of this month, down from 37.85 million tonnes on Dec. 1, 2021.
