India expects 5th straight record wheat crop - U.S. attache
REUTERS - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in India:
"India expects a fifth record wheat crop in a row, 87.5 million tonnes, on higher planted area and optimal growing conditions in major growing areas to date. MY 2012/13 wheat exports are forecast at 1.5 million tonnes. MY 2012/13 rice production is forecast at 100 million tonnes, 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 tonnes including 2.7 million tonnes of Basmati.
MY 2012/13 coarse grain production is forecast higher at 42.9 million tonnes on expected higher acreage under corn and sorghum. Indian MY 2012/13 corn exports will fall to 2.2 million tonnes on expected strong domestic demand, versus corn exports in current MY 2011/12 estimated at 2.4 million tonnes. MY 2012/13 pulse production is forecast lower at 17.3 million tonnes compared to the MY 2011/12 record production of 18.2 million tonnes on lower acreage.
Pulse imports in MY 2011/12 are estimated to increase to 3 million tonnes. Imports are forecast to remain strong in MY 2012/13 provided international prices remain stable."
Attache reports are not official USDA data.
To see the full report, please go to: r.reuters.com/hec86s
(Washington commodities desk, +1 202 898-8415; email@example.com)
- Tweet this
- Share this
- Digg this
- UPDATE 1-S.Korean prosecutors raid family home of ill-fated ferry's owner
- UPDATE 4-Children's corpses reveal desperate attempts to escape Korean ferry
- Gold hovers near 2-1/2 month lows
- UPDATE 5-Missouri executes convicted killer in 1993 cattle-stealing plot
- China shares down, Aussie drops after inflation data
India and its South Asian neighbours are expected to see below average to average rains this year if the El Nino weather pattern gains strength during the four-month monsoon season, a forum of weather experts said. Read