USDA attache sees record-large India wheat harvest, exports in 2022-23

(Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in New Delhi:

"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. With the Russo-Ukrainian war disrupting supply from the Black Sea, Indian wheat is primed for record exports. Post forecasts MY 2022/2023 wheat exports at 10 MMT (record) on continued competitive prices in the region and sufficient domestic supplies. MY 2022/2023 rice production is forecast at 125 MMT, from 46 million hectares planted area, with yields of 4.08 MT/hectare (rough rice)."

To read the full report, click: https://bit.ly/3rmAXdT

 

(Reporting by Julie Ingwersen in Chicago)