India: Grain and Feed Update
Link to report:
On April 15, 2024, the Indian Metrological Department (IMD) predicted above normal 2024 monsoon rains. FAS New Delhi (Post) market year (MY) 2024/2025 (April-March) wheat production is forecast at a record 114 million metric tons (MMT), same as the U.S. Department of Agriculture (USDA) official forecast, on higher than initially expected yields in the northern Indian states due to favorable weather through the harvest. Post has adopted the USDA official forecasts for consumption, stocks, and trade for MY 2024/2025. Post is also adopting the USDA official MY 2024/2025 production forecast number for rice and corn on an expected above normal 2024 monsoon rains which will support higher plantings and yields. Consumption and stocks in Post's production-supply-distribution (PSD) tables are adjusted to reflect higher forecast production.