India: Grain and Feed Update
Sufficient and well distributed 2016 monsoon rains have supported planting of fall/early winter harvested kharif crops (rice, corn, and other coarse grains). MY 2015/16 ending stocks estimate is raised to 18.5 MMT on estimated higher government rice stocks. Government allows imports of corn under the Indian fiscal year (IFY) 2016/17 (April/March) tariff rate quota (TRQ) on rising domestic prices, but import prospects constrained due to non-GM requirement.
