India: Grain and Feed Update

On October 23, 2019, the Government of India raised the minimum support prices (MSP) for the select upcoming rabi (winter-planted) crops, including wheat. Based on the latest official rice stock estimates, MY 2018/19 rice ending stock estimate is revised higher to 29.5 MMT. MY 2018/19 rice exports are revised lower to 10.4 million metric tons (MMT) due to weak exports in the second half of the marketing year. MY 2019/20 rice exports are forecast to recover to 12 MMT on higher domestic supplies.

India: Grain and Feed Update