India: Grain and Feed Annual
Marketing year (MY) 2015/16 wheat production is forecast at 94 million metric tons (MMT), marginally lower than last year’s record production due to less acreage. Exports are forecast to decline to 2 MMT on uncompetitive prices and expectations of no government wheat exports. Assuming a normal 2015 monsoon (June to September), MY 2015/16 (October/September) rice production is forecast at 104 MMT (44 million hectares), marginally higher than last year. However, exports are forecast down to 8.5 MMT (4.5 MMT coarse rice and 4.0 MMT Basmati rice) on tight exportable supplies. MY 2015/16 coarse grain production is forecast higher at 41.8 MMT on expected recovery in acreage and yields. MY 2015/16 corn exports are forecast to 2 MMT on expectations of less competitive pricing compared to other major exporters.
