World Perspectives
feed-grains soy-oilseeds wheat

Indian Subcontinent Regional Analysis

Corn Prices Remain Higher, Curbing Export Potential The government of India (GOI) estimated the khariff (October harvest) corn production at 21.47 MMT on 26 September 2018, 1.23 MMT more than the final estimate for that season’s crop last year. The increase is despite the uneven distribution of rains during the 2018 monsoon season and the drought conditions in key production areas, including Maharahstra, Karnataka and Telangana. Arrivals in the production areas are slow, and the prices are above year-ago levels. Another reason for higher prices is the increase in the corn Minimum Support Price (MSP), which was announced earlier this year at Rs.17,000 ($232)/MT. Maharashtra has declared drought in 26 districts, and Karnataka is likel...

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feed-grains soy-oilseeds wheat

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