The GOI’s third advance estimate raised India’s grain production in the Indian Crop Year (ICY) 2013/14 (July-June) to a record 263.2 million metric tons (MMT). MY 2013/14 corn production estimate has been raised higher to a record 23.8 MMT. MY 2013/14 corn export estimate is raised higher to 3.5 MMT on recovery in export demand. Export of government-held wheat ended by second week of May 2014 but exports of wheat procured by private trade from the open market are likely to continue.
