In 2023, India's corn supply stood at 38.5 million metric tons. Forecasts predict a steady increase in the coming years: 2024 (40.02 million metric tons), 2025 (41.63 million metric tons), 2026 (43.22 million metric tons), 2027 (44.8 million metric tons), and 2028 (46.36 million metric tons). The year-on-year variation shows a consistent rise in corn supply of approximately 3-4%. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be around 3.7%.
Future trends to watch for include potential impacts of climate change on crop yields, technological advancements in agricultural practices, and policy changes regarding agricultural subsidies and trade regulations. Additionally, shifts in domestic and international demand could influence supply dynamics significantly.
