India: Grain and Feed Update
The Government of India’s third advance estimate marginally lowered Indian crop year 2015/16 (JulyJune) grain production to 252.2 MMT, but marginally higher than last year’s production. Post continues to forecast MY 2016/17 wheat production at 88 million metric tons (MMT) but government procurement has faltered on firm domestic prices. MY 2016/17 wheat imports are forecast higher at 2.0 MMT on low international prices.