India: Grain Voluntary Update - March 2020

  |   Attaché Report (GAIN)

On February 18, 2020, the Ministry of Agriculture and Farmers Welfare (MoAFW) forecast the second advance
estimate for the Indian crop year (ICY) 2019/20 (July/June) grain production at a record 292 million metric tons
(MMT), nearly 7 MMT higher than last year’s final estimate, and previous record of 285.2 MMT. Due to the
above-normal 2019 monsoon, MoAFW has forecast record production of rice and wheat, and near record
production of corn and pulses, for the upcoming season. MY 2019/20 rice production is revised higher to a
record 117 MMT, ending stocks to 34 MMT, and exports lower to 10 MMT. MY 2019/20 wheat production is
raised higher to a record 103.6 MMT, and ending stocks are higher at 22.1 MMT. The Production, Supply and
Distribution (PS&D) tables for corn and other coarse grains have been revised to reflect MoAFW’s latest
estimates.

India: Grain Voluntary Update - March 2020

 

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