India: Grain and Feed Annual

India is gearing up for a record wheat harvest in market year (MY) 2024/2025. FAS New Delhi (Post) forecasts India's wheat production at 112.5 million metric tons (MMT), thanks to the timely and record plantings of wheat, which benefitted from favorable weather conditions from the time of planting through the reproductive growth stages. Yet, India is also set to emerge anew as an importer of wheat; imports are forecasted at 2 MMT premised on expected steady domestic demand, a decline in government-held wheat stocks, and relatively weak global prices. At the same time, India's MY 2024/2025 rice production is forecast to come in at 135 MMT, just shy of another record setting harvest. Post attributes improved production to strong domestic prices fueling higher returns for rice compared to other crops this season, which will drive farmer planting intentions. Post foresees near record corn production of 37 MMT.