India Expects Fifth Record Wheat Crop

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India Expects Fifth Record Wheat Crop

05 March 2012

INDIA - India expects a fifth record wheat crop in a row, 87.5 million metric tons, on higher planted area and optimal growing conditions in major growing areas to date.

MY (marketing year) 2012/13 wheat exports are forecast at 1.5 million tons. MY 2012/13 rice production is forecast at 100 million metric tons, marginally lower than the year prior record production.

India is unlikely to impose export controls on rice in the near future; MY 2011/12 rice exports are likely to reach 6.5 million tons including 2.7 million tons of Basmati.

MY 2012/13 coarse grain production is forecast higher at 42.9 million tons on expected higher acreage under corn and sorghum.

Indian MY 2012/13 corn exports will fall to 2.2 million tons on expected strong domestic demand, versus corn exports in current MY 2011/12 estimated at 2.4 million tons.

MY 2012/13 (Apr/Mar) pulse production is forecast lower at 17.3 million tons compared to the MY 2011/12 record production of 18.2 million tons on lower acreage.

Pulse imports in MY 2011/12 are estimated to increase to 3.0 million. Imports are forecast to remain strong in MY 2012/13 provided international prices remain stable.