Low Grain Production Estimates The second estimates for India's 2012/13 grain production were released last week. Target production for the marketing year was set at 254.24 MMT, but it will not be achieved because of drought conditions that prevailed during the first half of the year and affected the October/November harvest results. Food grain production is expected to be 250.14 MMT, down from 259.32 MMT in 2011/12.While the late monsoon did not help with the October harvest, it did aid the winter harvest. Soil was in much better condition and some of the losses from the former were covered in the latter. The crops that seem to have been affected are coarse cereals, including corn, and oilseeds. India will need to import more oil to ful...