India: Grain and Feed Voluntary – June 2018

On May 16, 2017, the Ministry of Agriculture (MOA) raised the third advance estimate for grains production for the Indian Crop Year 2017/18 (July-June) to a record 279.5 million metric tons (MMT). The MY 2017/18 rice production estimate is raised higher to a record 111 MMT on reported higher planted acreage. MY 2018/19 wheat production is raised higher to 98 MMT on reports of higher yields due to favorable weather through harvest. On May 23, 2018, the Ministry of Finance raised the import duty on wheat to 30 percent from 20 percent. Consequently, MY 2018/19 wheat imports are revised lower to 0.5 MMT.

India: Grain and Feed Voluntary – June 2018