Turkey is a key country-importer of wheat bran from Ukraine. In the current season the country started gradually increasing the purchasing volumes. July-February of 2016/17 market year Turkey imported almost 352 thousand tonnes of Ukrainian wheat bran, an increase of 14% compared with the same period in 2015/16 market year (309.9 thousand tonnes), and up 4% compared with July-February of 2014/15 market year (337.8 thousand tonnes). Generally, in 2015/16 market year Ukraine supplied 475.8 thousand tonnes of wheat bran to Turkey, up 2% compared with 2014/15 market year (467.8 thousand tonnes). Turkey increased its share among foreign buyers of wheat bran from Ukraine. Thus, in 2014/15 market year the share of Turkey totaled 91% in the export structure, and in 2015/16 MY – 86%, but in the current market year the figures will grow to 98%.
India Govt procures 15 million tonne wheat so far, spot price stable.
Wheat prices in key wholesale markets of the country remained unchanged as government procurement offset high supplies the government has procured 15 million tonne wheat for the 2017-18 (Apr-Mar) marketing season, up 12.1% from a year ago. Taking cues from spot markets, the most active May wheat contract on the National Commodity and Derivatives Exchange closed flat. The contract ended down 0.1% from the previous close. The most active July wheat contract on the CBOT was at $4.36 a bushel, up 0.4% from the previous close.
Govt wheat procurement up 12% on year at 15 million tonne so far in FY18.
The government has procured 15 million tonne wheat in 2017-18 (Apr-Mar) up 12.1% from a year ago. Punjab has surpassed Haryana to become the highest contributor to the government’s procurement drive. The government has so far purchased 5.5 million tonne wheat from farmers in the state, up 13.5% from the year-ago period. In Haryana, the government has bought 5.4 million tonne wheat, up 3.4% from a year ago. The government has purchased 3.4 million tonne wheat in Madhya Pradesh, up 12.9% on year, while in Uttar Pradesh, it has bought 267,995 tonne so far, sharply higher than 77,807 tonne in the year-ago period. The Uttar Pradesh government has set a target to procure 8 million tonne wheat this year, much above the central government’s 3- million tonne target for the state. The state government has also offered an incentive of 10 rupees per 100 kg for loading and transportation of the crop, Overall, the central government has set a target to procure 33.0 million tonne of wheat for the current marketing season, up from 22.9 million tonne a year ago.
Dairy body to buy 3,000 tonne maize via e-auction.
The National Cooperative Dairy Federation of India buy 3,000 tonne of maize through a reverse electronic auction. The commodity, used as cattle feed, will be bought on behalf of Karnataka Milk Federation. The federation, which has nearly 200 dairy cooperatives as members, has developed an online trading platform to purchase feed stock and sell dairy products.