India: Grain and Feed Update
On July 3, 2019, the Government of India (GOI) approved increases in the minimum support prices (MSPs) for the kharif (fall harvested) crops for the 2019/20 season. A delayed and relatively weak 2019 monsoon has affected planting of most grains, including rice and corn, for the upcoming MY2019/20 kharif season. Planting may improve in July based on a forecasted recovery in the monsoon beginning the second week of July. No significant changes in the PSDs of rice, wheat and corn to report from Post’s last report IN9056.
