India Grain Report: USDA Update

20-Jun-2025 12:16 PM

India Grain Report: USDA Update
★ According to the latest USDA report, India's grain production and consumption in Marketing Year (MY) 2025/26 show a mixed trend:
Wheat (in lakh tons):
Production: 1175 – Up by 3.7%
Total Consumption: 1125 – Up by 3.3%
Ending Stocks: 167 – A sharp increase of 41.5%
★ Both production and consumption have increased, but the significant rise in ending stocks suggests higher government procurement has boosted reserves.
~~~~~~~~
Maize (Corn):
Production: 420 – Down by 0.7%
Total Consumption: 435 – Up by 2.8%
Ending Stocks: 19.72 – A steep drop of 33.6%
★ Corn production has declined while consumption has grown, leading to a substantial depletion in available stocks. This may put pressure on sectors like exports, animal feed, and ethanol.
★ While wheat shows a relatively balanced outlook, the corn sector reflects a supply-demand mismatch that could raise concerns.