India: Grain and Feed Voluntary Update - October 2014
Despite improved planting, Post continues to forecast MY 2014/15 rice production at 100 MMT on expected lower yields due to patchy 2014 monsoon rains. MY 2013/14 ending stocks have been lowered to 23.5 MMT on lower than anticipated government stocks. Post’s estimate for MY 2014/15 production has been lowered to 5.0 MMT for sorghum and 9.5 MMT for millet on lower planting and expected yield.