India: Grain and Feed Update
Link to report:
On May 15, 2020, the Ministry of Agriculture and Farmers Welfare (MoAFW) raised the third advance estimates of production of grains for the Indian crop year (ICY) 2019/20 (July-June) to a record 295.7 million metric tons (MMT), with estimated record rice, wheat and corn production. MY 2020/21 wheat production was raised higher to a record 107.2 MMT on reports of higher-than-expected yields, and ending stocks were raised to a record 31.2 MMT. MY 2019/20 corn production was raised higher to a record 28.9 MMT, consumption lowered to 28 MMT, and ending stocks were increased to 2.15 MMT. No reported significant change in rice production, supply and distribution (PSD) estimates.
