India: Grain and Feed Update
The minimum support prices (MSP) for rabi (winter planted) crops for MY 2015/16 have been raised; the MSP for wheat by INR 500 per metric ton to 14,500 ($236) per metric ton. MY 2013/14 rice export estimate is raised to 10.3 million metric tons (MMT) based on the preliminary monthly export figures. MY 2013/14 rice ending stocks have been revised lower to 22.5 MMT based on the published official rice stock estimates. Consumption was raised to 99.2 MMT reflecting the change in ending stocks.
