India: India Grain and Feed Update - February 2023

India’s upcoming rabi (winter sown, spring harvested) crop acreages has been boosted to record levels on adequate 2022 monsoon rains in October and generally favorable weather conditions. The Indian government will continue providing free food grains to about 813.5 million beneficiaries between January and December 2023 under the National Food Security Act (NFSA). On January 25, 2022, the government announced to offload 3 million metric tons (MMT) of wheat onto the domestic market between January and March 2023, to help control rising wheat prices. Post estimates market year (MY) 2022/2023 wheat production lower at 100 MMT, along with exports at 5.7 MMT and ending stocks coming in at 10.2 MMT. FAS New Delhi reports no significant changes made to the India Rice Milled and Corn Production, Supply and Distribution (PSD) tables.