India: India Grain and Feed Update - December 2022

Planting of India’s rabi season (winter sown, spring harvested) crops, which includes wheat, is progressing well under adequate soil moisture conditions and irrigation water availability. Market year (MY) 2022/2023 rice production is estimated higher at 125 million metric tons (MMT) as late rains in September-October have improved yield prospects in the previously moisture-stressed Gangetic Plains region. MY 2022/2023 wheat production is raised marginally higher to 100 MMT, while exports are lowered to 6 MMT and ending stocks lowered to 9.5 MMT. MY 2022/2023 corn production is lowered to 31 MMT, with exports dropping to 2.4 MMT and ending stocks falling to 1 MMT on forecasted tight supplies.