India: Grain and Feed Update
Link to report:
India is set to achieve another record wheat harvest in marketing year (MY) 2021/22 (April-March) on record planting and favorable weather conditions during the current vegetative growth stage. FAS New Delhi (Post) is raising India's MY 2020/21 rice export forecast slightly higher to a record 14 million metric tons (MMT) on strong export demand, and calendar year (CY) 2020 export estimates to a record 14.7 MMT based on revised official data. Post is similarly raising India's MY 2020/21 wheat exports to 17.5 MMT, and consumption to 103.6 MMT, while ending stocks lowered to 27 MMT. Marketing year 2020/21 corn exports are raised to 1.8 MMT on improved export competitiveness of Indian corn in neighboring countries.
