USDA attache trims India 2023/24 wheat crop forecast to 106 mln T
Following are selected highlights from a report issued by the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) post in New Delhi:
“On Oct. 27, 2023, India’s Ministry of Agriculture and Farmers Welfare released Indian crop year 2023/2024 (July-June) First Advance Estimate for the kharif (fall harvested) crop. Production is estimated at 148.6 million metric tons (MMT), or 9 MMT lower than last year’s kharif grain crop. FAS New Delhi (Post) is lowering to 130 MMT the MY 2022/2023 rice production estimate premised on tight domestic market supplies, as reflected in firm prices and the Indian government imposing export restrictions. The MY 2023/2024 rice production forecast is lowered to 128 MMT due to below-par 2023 monsoon rains and El Niño conditions arriving in the latter part of 2023. The MY 2023/2024 wheat production forecast is revised lower to 106 MMT based on a continued tight domestic market situation.”
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon