The April 2024/25 wheat outlook shows mixed results for the US and global markets. U.S. wheat supplies are up due to increased imports, the highest since 2017/18, while exports have been revised downward. Domestic use remains nearly unchanged, with minor cuts to seed use. Consequently, U.S. ending stocks are projected to be 22% higher year-over-year….
The Indian government has made it mandatory for the wheat industry and trade to declare their weekly stock position on a portal starting April 1. The existing stock limit on wheat will expire on March 31, 2025. The Department of Consumer Affairs stated that traders, wholesalers, retailers, big chain retailers, and processors must declare their…
The U.S. wheat outlook for 2024/25 predicts increased supplies, lower exports, and higher ending stocks. Imports increased by 10 million bushels to 140 million, while exports decreased by 15 million bushels to 835 million, resulting in an 18% rise in ending stocks to 819 million bushels. The season-average farm price is lowered by $0.05 to…
The Indian government has ended its open market wheat sales, selling 2.97 million tonnes out of the 3 million tonnes offered under the Open Market Sales Scheme (OMSS). Despite efforts to control prices, wheat rates remain above the Minimum Support Price (MSP) of ₹2,425/quintal. Bid prices ranged from ₹2,540 to ₹3,275 per quintal in different…
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…
