India: Grain and Feed Annual
India is heading for a near-record wheat harvest with marketing year (MY) 2017/18 wheat production forecast at 95 million metric tons (MMT) on record area (31.8 million hectares). Assuming continued current price parity for imported wheat and import policy, MY 2017/18 imports are forecast at 5 MMT to sustain the consumption demand and enable government to augment the depleting wheat stocks. Assuming normal 2017 monsoon and overall weather conditions, MY 2017/18 (October/September) rice production is forecast slightly lower at 106 MMT from 44.5 million hectares, and exports at 8.5 MMT. MY 2017/18 coarse grain production is forecast lower at 41.2 MMT with corn production at 24 MMT.
