India: India Grain and Feed Update - February 2023

  |   Attaché Report (GAIN)   |   IN2023-0015

India’s upcoming rabi (winter sown, spring harvested) crop acreages has been boosted to record levels on adequate 2022 monsoon rains in October and generally favorable weather conditions. The Indian government will continue providing free food grains to about 813.5 million beneficiaries between January and December 2023 under the National Food Security Act (NFSA). On January 25, 2022, the government announced to offload 3 million metric tons (MMT) of wheat onto the domestic market between January and March 2023, to help control rising wheat prices. Post estimates market year (MY) 2022/2023 wheat production lower at 100 MMT, along with exports at 5.7 MMT and ending stocks coming in at 10.2 MMT. FAS New Delhi reports no significant changes made to the India Rice Milled and Corn Production, Supply and Distribution (PSD) tables.

Related Reports

Attaché Report (GAIN)

Turkiye: Turkiye Restricted Poultry Meat Exports

According to a decision by the Ministry of Commerce, chicken meat exports, including whole chicken and its cuts, are limited to a maximum of 10,000 metric tons (MT) per month from May 1-December 31, 2024, and 80,000 MT in total by the end of the year.
Attaché Report (GAIN)

Bulgaria: Grain and Feed Market Update

Bulgaria has enjoyed favorable weather so far in MY 2024/25 that has supported the positive development of both winter and spring grains. Currently, FAS/Sofia estimates the MY 2024/25 wheat crop at 6.9 million metric tons (MMT), slightly above last year's crop.
Attaché Report (GAIN)

Costa Rica: Costa Rica Slashes Rice Tariffs Again

On June 4, a Costa Rican court restored the Chaves administration's policy of dramatically lower tariffs on imported milled and rough rice, overturning an earlier court ruling that reversed the lower tariffs in April 2024.