India: Grain and Feed Update
Link to report:
On October 27, 2023, India’s Ministry of Agriculture and Farmers Welfare (MOAFW) released Indian crop year (ICY) 2023/2024 (July-June) First Advance Estimate for the kharif (fall harvested) crop. Production is estimated at 148.6 million metric tons (MMT), or 9 MMT lower than last year’s kharif grain crop. FAS New Delhi (Post) is lowering to 130 MMT the MY 2022/2023 rice production estimate premised on tight domestic market supplies, as reflected in firm prices and the Indian government imposing export restrictions. The MY 2023/2024 rice production forecast is lowered to 128 MMT due to below-par 2023 monsoon rains and El Niño conditions arriving in the latter part of 2023. The MY 2023/2024 wheat production forecast is revised lower to 106 MMT based on a continued tight domestic market situation. The production-supply-distribution (PSD) tables for corn, millet, sorghum, and barley have been revised to reflect the official final area and production estimates for the Indian crop year (ICY) 2022/2023 (July-June).
