Browse Data and Analysis

On July 17, 2023, India’s Ministry of Fisheries, Animal Husbandry and Dairying/Department of Animal Husbandry and Dairying (DAHD), published Office Memorandum (OM) L-11/1/2019-Trade (E-11542).

The recovery of the 2023 southwest monsoon from third week of June and forecasted normal precipitation in July will support ongoing planting of kharif (fall harvested) season crops.

Report highlights: On June 28, 2023, the Cabinet Committee on Economic Affairs updated its Fair and Remunerative Price (FRP) for sugarcane marketing year (MY) 2023/2024 from INR 305 per quintal (USD $3.72/quintal) to a new high of INR 315 per quintal (USD $3.84/quintal). The new FRP will take effect starting October 1, 2023.

India’s Meteorological Department (IMD) continues to forecast a normal 2023 southwest monsoon, according to a second forecast report issued on May 26, predicting that June through September rainfall will likely reach 96 percent of the long period average (LPA)/fifty-year average of 870 millimeter (mm).

FAS Sofia updates its forecasts for Bulgarian production of grain crops in marketing year (MY)2023/24 to 10.5 million metric tons (MMT), based on improving prospects for average yields for wheat, barley, and corn.

FAS Mumbai estimates marketing year (MY) 2023/24 India cotton production at 26 million 480 lb. bales on 12.7 million hectares planted, a decrease from the previous year on the expectation that farmers will shift cotton acreage to higher return crops such as oilseeds and pulses.

FAS Sofia updates its forecasts for Bulgarian production of oilseed crops in marketing year (MY)2023/24 to 2.48 million metric tons (MMT), based on improving prospects for average yields of rapeseed and sunflower.