New Delhi, India
February 15, 2013

USDA/FAS GAIN report IN 3012

Report Highlights:

MY 2013/14 (April/March) wheat exports are forecast to increase to 8.0 million tons, including 5 million tons of government wheat. MY 2013/14 (October/September) rice exports are forecast lower at 7.0 million tons on relatively tight domestic supplies. India is set for a near-record wheat harvest of 92.0 million tons in MY 2013/14 (April/March) on strong planting and favorable growing conditions. Assuming a normal southwest monsoon this summer, MY 2013/14 (October/September) rice production is also forecast near-record at 102.0 million tons from 44.5 million hectares. Since 2010/11, back-to-back bumper rice and wheat harvests and strong government procurement have resulted in a significant build-up in government stocks, which is likely to increase further in 2013/14. Consequently, the Government of India (GOI) is likely to continue to allow exports of non-basmati rice and wheat from government stocks in MY 2013/14. MY 2013/14 coarse grain production is forecast higher at 42.2 million tons on expected recovery in acreage and yields. Corn exports in MY 2013/14 are forecast lower at 2.5 million tons on expected strong domestic demand. Pulse imports in MY 2012/13 are estimated to increase to a record 4.0 million tons on continued strong domestic demand, and forecast to increase further in MY 2013/14 provided international prices and the value of Indian rupee remain stable.

Full report

Website: http://www.fas.usda.gov/

Published: February 20, 2013