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…
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…
India’s wheat production is expected to reach 106 million tonnes in the 2023-24 crop year, up by 3% from the previous year, according to a trade association poll. This is in contrast to the government’s forecast of a record 112 MT, indicating that the market expects the output to be 5% lower than the government’s…
