India's Grain Rake Flows | Wheat, Rice & Maize | 1 Sep 2026

Commodity wise Rake Movement
- Maize: Shift in seasonal rake movement, resilient volumes.
- Rake movement declined in April and May 2026 compared with the same months in 2025, falling from 334 to 208 and 363 to 297 rakes, respectively.
- Movement rebounded sharply in June and July, reaching 411 and 352 rakes, respectively, and surpassing the corresponding months of 2025. Rain-related delays shifted the harvesting cycle, resulting in later crop arrivals and subsequently delayed rake movement. This suggests a shift in the seasonal movement cycle rather than a sustained decline in volumes.
- Wheat: Stable movement with a sharp August decline.
- Rake movement remained relatively stable during April–May 2026, with 683 and 766 rakes, respectively.
- Movement peaked at 782 rakes in July before declining sharply to 417 rakes in August, indicating a significant slowdown in movement towards the end of the period.
- Rice: Sustained decline in rake movement.
- Rice rake movement declined consistently across the comparative months, with April movement falling from 1,027 rakes in 2025 to 873 rakes in 2026.
- The decline became more pronounced in August 2026, when movement fell to 559 rakes, with no significant recovery visible during the period.
Maize — rakes moved (MoM)
Wheat — rakes moved (MoM)
Rice — rakes moved (MoM)
Rakes Movement comparison with (2025 vs 2026)
- Maize: Higher movement driven by strong demand.
- India’s ethanol blending programme has significantly increased maize demand, with a growing share of domestic maize being diverted towards ethanol production.
- This has intensified competition between the ethanol and poultry sectors, both of which are major maize consumers, supporting stronger domestic demand and prices.
- These demand-side factors likely contributed to the higher maize rake movement observed in June–July 2026, despite the delayed start to the season.
- Wheat & Rice: Lower movement amid surplus stocks.
- Wheat and rice movement has been impacted by high government-held stocks, with FCI inventories remaining well above buffer requirements.
- In wheat, high reserve prices under OMSS have limited open-market offtake, reducing the movement of stocks from government warehouses to the market.
- Rice has faced a similar situation, with procurement outpacing offtake through channels such as OMSS, ethanol allocation and Bharat Rice, resulting in elevated stocks and slower stock movement.