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The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
India is heading for a record wheat harvest this marketing year (MY) thanks to highly favorable weather conditions in the major wheat growing areas. FAS New Delhi (Post) forecasts MY 2022/2023 (April-March) wheat production at a record 110 million metric tons (MMT) from 30.9 million hectares, and up from last year’s record 109.6 MMT from 31.1 million hectares.
Post’s marketing year (MY) 2022/2023 rice harvested area and production forecast is 11.75 million hectares and 36.32 million metric tons (MT), respectively. Local prices of rice, wheat, and corn hit record highs in March 2022 and the Russian invasion of Ukraine has increased volatility. Post forecasts MY 2022/2023 wheat at 7.5 million MT and corn imports at 2.3 million MT.