India’s 2025 wheat harvest exceeded expectations, restoring domestic stockpiles and eliminating the need for imports. The Food Corporation of India (FCI) procured 29.7 million metric tons of wheat, the highest in four years, and total stockpiles are expected to reach around 44 million tons. This could put downward pressure on global wheat prices, especially amid…
India’s wheat procurement for the 2024-25 season has increased by 14.4% to 29.46 million tonnes, primarily due to higher purchases in Madhya Pradesh and Rajasthan. Other states have contributed significantly despite lower procurement in Punjab and Haryana due to increased private buying and farmer stockpiling. Private players have offered higher-than-MSP prices amid scarcity, and wheat…
The Centre plans to review the restoration of wheat entitlements under the Public Distribution System (PDS) after the procurement drive concludes. The agriculture ministry has projected a record wheat production of 115 million tonnes for the 2024-25 crop year, with the Food Ministry aiming to procure 31.2 million tonnes. The government has procured 256.31 lakh…
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…
