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 Indian government’s wheat procurement has reached 28.66 million tonnes in the current 2025-26 marketing year, surpassing last year’s level. This is the highest since the 2022-23 marketing year, driven by projections of a record wheat output of 115.3 million tonnes. The total wheat purchase stood at 26.59 million tonnes in the 2024-25 marketing year….
India is set to target 354.64 million tonnes of foodgrain production in the 2025-26 crop year, starting in July, due to better monsoon rains. The country’s foodgrain production has already reached 330.92 million tonnes in the Kharif and Rabi seasons of the current 2024-25 crop year. The summer season (zaid), sown between February and June,…
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 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…
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…
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…
