India doubles rice sales target to 5 million tons amid price concerns

India's government said it had doubled its rice sales target for private traders under its open market scheme to 5 million metric tons for the 2026/27 financial year, aiming to lower prices rising amid production concerns. It also allowed Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana to impose rice and paddy stock limits until January 31, 2027, to maintain supplies and curb hoarding.