Browse Data and Analysis

FAS/New Delhi’s forecast for India’s centrifugal sugar production in marketing year (MY) 2023/24 (October-September) is unchanged from the previous estimate of 36 million metric tons (MMT), equivalent to 33.6 MMT of crystal white sugar.

India’s hotel, restaurant and institutional (HRI) sector is set to thrive in 2023, after facing three years of downfall due to COVID-19 pandemic restrictions.

The HRI report provides U.S. agricultural exporters current information on market trends and the best product prospects for the Guatemalan market.

FAS New Delhi (Post) forecasts India’s market year (MY) 2023/2024 (August-July) almond production lower at 4,200 metric tons (MT) (kernel-weight basis), 800 MT lower compared to the U.S. Department of Agriculture (USDA) official MY 2022/2023 estimate of 5,000 MT.

India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.

On September 5, 2023, and just in time for the G20 New Delhi Leaders’ Summit, India’s Ministry of Finance issued Notification No. 53/2023 (Customs), officially notifying the lifting of retaliatory tariffs imposed in 2019 on U.S.-origin almonds, apples, chickpeas, lentils, and walnuts effective September 6, 2023.

On August 25, 2023, India’s Ministry of Finance issued Notification No. 49/2023 (Customs), notifying with immediate effect that the Indian government is imposing a 20 percent export duty on parboiled non-basmati rice (PNB), harmonized tariff system (HS) code 1006.30.10.

On August 21, 2023, the Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) published the Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations 2023 in the Gazette of India (Notification No. STD/SP-21/T(Alcohol-4).

India’s soybean oilseed and rapeseed production estimates for marketing year (MY) 2022/23 (October-September) increased to 12.4 and 11.8 million metric tons (MMT) respectively due to favorable weather conditions.

FAS Mumbai forecasts marketing year (MY) 2023/24 India cotton production at 26 million 480 lb. bales on 12.7 million hectares area planted, unchanged from the previous report.

FAS New Delhi (Post) in market year 2024 (January-December) forecasts India’s national cattle herd growing to 307.6 million head, up by some 135 thousand head from the U.S. Department of Agriculture (USDA) official 2023 estimate of 307.5 million head.

India is the world’s largest producer of carabeef, a meat derived from the Asian water buffalo (Bubalus bubalis).