On November 24, 2021, the Indian government approved the extension of the additional free food grains scheme through March 31, 2022. With this extension, an additional 16 million metric tons (MMT) of grains will be released from government stocks.
Given the pace of imports during the first six months of 2021/22, the wheat import forecast is reduced from 2.5 to 2 million tons. With harvest complete and better than expected yields, the 2021/22 rice production estimate is increased from 8.2 to a record 8.9 million tons.
Post revised Vietnam’s marketing year 2020/2021 (MY20/21) total harvest area down to 7,305 thousand hectares (THA), but production up to 27.38 million metric tons (MMT) (milled rice equivalent) on higher production of the autumn crop.
Mexico’s wheat production forecast for marketing year (MY) 2021/22 is revised upward, based on more complete figures from Mexico's Secretariat of Agriculture and Rural Development (SADER), and reflecting favorable weather conditions that resulted in higher yields than initially expected.
Post forecasts higher Burmese rice exports in December. This forecast anticipates active demand from Africa, China, and EU countries during the new crop harvest and the reopening of Burma-China border gates.