India: Grain Voluntary Update

Post forecasts MY 2017/18 rice production lower at 107.5 MMT on lower than expected planting and yield due to prolonged dry conditions and floods during critical stages in some rice growing states. Based on the latest official estimates, MY 2017/18 wheat production estimate is further raised to 98.4 MMT (record) from 30.6 million hectares. MY 2017/18 import forecast is lowered to 3 MMT on expected weak local wheat prices.

India: Grain Voluntary Update