India’s rice stocks surge to record high as paddy procurement climbs

Farmers plant rice saplings in a waterlogged paddy field during the monsoon on the outskirts of Varanasi on July 12, 2025. (AFP/ file)
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Updated 22 December 2025
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India’s rice stocks surge to record high as paddy procurement climbs

  • The stockpiles may boost shipments, putting pressure on supplies from rivals such as Thailand, Vietnam and Pakistan
  • India, which accounts for about 40 percent of global rice exports, removed the last of its export curbs on the grain in March

MUMBAI: India’s rice inventories in government warehouses climbed nearly 12 percent from a year earlier to a record high for early December after state-run ​agencies stepped up procurement of the new-season paddy crop, government data showed.

The swelling stockpiles could allow the world’s biggest rice exporter to boost shipments, putting pressure on supplies from rivals such as Thailand, Vietnam and Pakistan.

State reserves of rice, including unmilled paddy, totalled a record 57.57 million metric tons as of December ‌1, far exceeding the ‌government’s target of 7.61 million ‌tons ⁠for ​January ‌1.

Wheat stocks stood at 29.14 million tons on December 1, up from last year’s 20.6 million tons, the data showed.

State-run agencies are being forced to buy large quantities from farmers as open-market prices remain below the government-set minimum support price, said a New Delhi based dealer with ⁠a global trade house.

“Despite the government buying heavily, traders still ‌have plenty of stock for exports,” he ‍said.

Since the start of ‍the marketing year on October 1, the government has ‍procured 42.2 million tons of paddy from farmers.

“Export demand isn’t very strong right now, but the weakening rupee is helping traders land deals at competitive prices,” said one Mumbai-based ​trader.

The Indian rupee dropped to a record low this month, enhancing returns for traders on ⁠overseas sales.

India, which accounts for about 40 percent of global rice exports, removed the last of its export curbs on the grain last March.

India’s rice exports in the first 10 months of 2025 jumped 37 percent from a year earlier to 18.49 million tons.

The Rice Exporters Association expects shipments from India to rise by nearly 25 percent from a year earlier to a record 22.5 million tons this year.

Alongside rice, wheat stocks are at comfortable ‌levels this year, helping the government to manage food grain prices more effectively, the trader said.


Pakistan strikes $4 billion deal to sell weapons to Libyan force, officials say

Updated 22 December 2025
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Pakistan strikes $4 billion deal to sell weapons to Libyan force, officials say

  • Pakistan’s defense industry spans aircraft, vehicles, and naval construction
  • The deal, spread over two-and-a-half years, includes JF-17 jets, officials say

KARACHI: Pakistan has reached a deal worth over $4 billion to sell military equipment to the Libyan National Army, four Pakistani officials said, despite a UN arms embargo ​on the fractured North African country.

The deal, one of Pakistan’s largest-ever weapons sales, was finalized after a meeting last week between Pakistan military chief Field Marshal Asim Munir and Saddam Khalifa Haftar, deputy commander-in-chief of the LNA, in the eastern Libyan city of Benghazi, said the four officials.

The officials, all involved in defense matters, declined to be identified because of the sensitivity of the deal.

Pakistan’s foreign ministry, defense ministry and military did not respond to requests for comment.

Any arms agreement with the LNA is likely to face scrutiny given Libya’s long-running instability following a 2011 NATO-backed uprising that toppled Muammar Qaddafi and split the country between rival authorities.

A copy of the deal before it was finalized that was ‌seen by Reuters listed ‌the purchase of 16 JF-17 fighter jets, a multi-role combat aircraft that has ‌been ⁠jointly ​developed by Pakistan ‌and China, and 12 Super Mushak trainer aircraft, used for basic pilot training.

One of the Pakistani officials confirmed the list was accurate while a second official said the arms on the list were all part of the deal but could not provide exact numbers.

One of the Pakistani officials said the deal included the sale of equipment for land, sea and air, spread over 2-1/2 years, adding it could also include the JF-17 fighter jets. Two of the officials said the deal was valued at more than $4 billion, while the other two said it amounted to $4.6 billion.

The LNA’s official media channel reported on Sunday that ⁠the faction had entered a defense cooperation pact with Pakistan, which included weapons sales, joint training and military manufacturing, without providing details.

“We announce the launch of a ‌new phase of strategic military cooperation with Pakistan,” Haftar said in remarks broadcast ‍on Sunday by Al-Hadath television.

Authorities in Benghazi also did ‍not immediately respond to a request for comment.

The UN-recognized Government of National Unity, led by Prime Minister Abdulhamid Dbeibah, controls ‍much of western Libya, while Haftar’s LNA controls the east and south, including major oilfields, and does not recognize the western government’s authority.

ARMS EMBARGO

Libya has been subject to a UN arms embargo since 2011, requiring approval from the UN for transfers of weapons and related material.

A panel of experts said in a December 2024 report to the UN that the arms embargo on Libya remained “ineffective.” The panel said some foreign ​states had become increasingly open about providing military training and assistance to forces in both eastern and western Libya despite the restrictions.

It was not immediately clear whether Pakistan or Libya had applied for ⁠any exemptions to the UN embargo.

Three of the Pakistani officials said the deal had not broken any UN weapons embargo.

One of the officials said Pakistan is not the only one to make deals with Libya; another said there are no sanctions on Haftar; and a third said Benghazi authorities are witnessing better relations with Western governments, given rising fuel exports.

PAKISTAN EYEING MARKETS

Pakistan has been seeking to expand defense exports, drawing on decades of counterinsurgency experience and a domestic defense industry that spans aircraft production and overhaul, armored vehicles, munitions and naval construction.
Islamabad has cited its Air Force’s performance in clashes with India in May.

“Our recent war with India demonstrated our advanced capabilities to the world,” military chief Munir said in remarks broadcast by Al-Hadath on Sunday.

Pakistan markets the Chinese co-developed JF-17 as a lower-cost multi-role fighter and has positioned itself as a supplier able to offer aircraft, training and maintenance outside Western supply chains.

Pakistan has also been deepening security ties with Gulf partners, signing a Strategic Mutual Defense Agreement ‌with Saudi Arabia in September 2025 and holding senior-level defense talks with Qatar.

The Libya deal would expand Pakistan’s footprint in North Africa as regional and international powers compete for influence over Libya’s fragmented security institutions and oil-backed economy.