The prospects for India’s wheat harvest have improved as the recent Western Disturbance brought good rains and snowfall to north and northwest India, allaying earlier concerns about weather-related damage, the India Meteorological Department (IMD) said. While no significant weather threats are expected, March is expected to deliver above-average temperatures. Moreover, the absence of severe cold…
Global wheat prices are expected to face downward pressure in 2025 due to record production, despite tightening supplies providing short-term support. CBOT wheat price forecasts have been revised downward to an annual average of $5.80 per bushel, citing ample US stocks and bearish market sentiment. Global wheat production is expected to reach a record 793.2…
The 2024-25 rabi season has seen significant developments, with wheat acreage reaching an all-time high of 320 lakh hectares, surpassing last year’s total of 318.33 hectares. This expansion in wheat coverage reflects favorable crop conditions, with no reported pest issues and cool weather benefiting the crop. The government has set a target of 115 million…
India is expected to experience above-average temperatures during the winter season, raising concerns about the yields of crops like wheat and rapeseed. The India Meteorological Department predicts above-normal minimum and maximum temperatures from December to February, with fewer “cold wave days. ” Winter-sown crops like wheat, rapeseed, and chickpea require cold weather for optimal growth…
Due to healthy demand and lifting curbs on non-basmati rice, India’s agri exports are expected to reach USD 50 billion in 2024-25. Export curbs on rice, wheat, and sugar impacted agri exports by about USD 6-7 billion. However, removing rice curbs is expected to boost exports, with rice exports expected to reach 17-18 million tonnes…
According to the agriculture ministry, India’s foodgrain production reached a record 332.22 million tonnes in the 2023-24 crop year, driven by strong wheat and rice production. The final estimate for 2023-24 shows an increase of 2.61 million tonnes from the previous year’s 329.6 million tonnes. Rice production reached a record 137.82 million tonnes, up from…
India’s wheat prices have risen during the festival season, despite curbs on traders and processors. New Delhi recently reduced the limit of wheat stocks traders and millers can hold to boost availability and moderate prices. However, these measures have not reduced prices, which are currently trading at 28,416 rupees ($339.53) per metric ton in New…
In order to prevent foodgrain hoarding and maintain price stability, the center has set a restriction on the amount of wheat that retailers, wholesalers, processors, and large chain retailers may retain on hand as of Monday, according to a senior official. Every Friday, processors, distributors, big-box stores, and individual retailers will reveal their wheat inventories,…
The government may reduce import duty on wheat after six years to boost domestic supplies so that it would not have to dip into the stocks much for carrying out market intervention programme. Wheat prices in Russia are currently ruling $ 284/tonne (around Rs 2357/tonne) against the minimum support price (MSP) of Rs 2275/quintal for…
In the next few days, government agencies are expected to acquire more wheat than they did the previous year 262 lakh tonnes as of Saturday. As of now, purchases have reached about 261 lakh tonnes. The total is anticipated to not meet the initial estimate of 300–310 lakh tonnes. Madhya Pradesh has extended its procurement…
