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For marketing year (MY) 2022/23, Post's forecast for rice harvested area and production remain unchanged at 11.5 million hectares and 35.65 million metric tons (MT), the same as the USDA official forecasts. Post's wheat production forecast in MY 2022/23 also remains unchanged from Post's previous projection.
FAS New Delhi (Post) lowers the market year (MY) 2022/2023 rice production forecast to 122 MMT on reduced plantings and yields in the major rice growing states in the Gangetic Plains as result of drought-like conditions.