India: Grain and Feed Update
Indian wheat production in marketing year (MY) 2017/18 is forecast at a record 96.5 million metric tons (MMT). Favorable weather conditions during critical development stages will drive yields. MY 2017/18 imports are forecast lower at four MMT due to the expected increase in domestic production. MY 2016/17 wheat ending stocks are raised to 9.6 MMT due to unexpectedly high government stocks, coupled with lower levels of consumption at 92.8 MMT.
