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 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…
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,…
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…
“The Department of Food and Public Distribution directs traders, wholesalers, retailers, big chain retailers, and processors in all states and union territories to declare their stock position on the portal beginning April 1, 2024, and continuing every Friday until further orders,” according to the order issued by the Department of Food and Public Distribution on…
According to the food ministry, the government has set a cautious objective for the purchase of wheat during the 2024–25 rabi marketing season, which is in the region of 30-32 million tons. Despite the Ministry of Agriculture’s hopes for a record wheat production of 114–115 million tonnes in the 2023–24 crop year (July–June), the lower…
The government on Thursday cut in half the maximum amount of wheat that traders, wholesalers, large retailers, and processors could store in stock while extending the restrictions until March 31, 2024, in an effort to increase wheat supplies and discourage hoarding. Up until the end of the current fiscal year, stock holding limits for wheat…
Even though the take-in increased to 96% from 94% the previous week, the average price of wheat in the Food Corporation of India (FCI) e-auction on Wednesday remained steady, indicating that demand will stay strong till the new crop starts arriving around mid-March. Since it began selling wheat on June 28 to increase the amount…
