India: Grain and Feed Update

Weak 2026 southwest monsoon has affected sowing of most kharif (fall harvested) crops, particularly rice and corn. The Indian Metrological Department forecast below normal rains in August-September which will affect planting and yield prospects for most grains. Marketing year (MY) 2026/2027 rice production forecast is lowered to 147 MMT and corn production to 50 million metric tons (MMT) due to a weak monsoon. However, record carryover stocks from previous years will more than offset the production decline ensuring more-than-sufficient domestic supplies. Based on the latest official estimate, MY 2025/2026 rice exports are revised slightly lower to 23 MMT, and ending stocks raised to a record 58.5 MMT.