Saudi Arabia tenders to buy 720,000 tonnes wheat.
Delhi wheat prices unchanged due to high demand, supply
Wholesale prices of wheat in the key market of Delhi were largely unchanged as both demand from millers and supply from the govt. were high. Govt sold around 16,000 tonne wheat in Delhi under the Open Market Sale Scheme. Govt will conduct the last open market sale of 2016-17 (April-March) on March9 as the procurement season starts in Madhya Pradesh and Rajasthan by mid-March.
Egypt raises supply price of wheat for the 2017 crop season.
Egypt raised the supply price of wheat it will buy from farmers from mid-April to mid-July depending on the quality of the crop. Second time the country has increased the supply price for wheat in the past five months. Wheat harvest season starts in May. In November 2016, immediately after the country floated its currency and cabinet increased the prices of purchasing wheat from farmers to support local producers.
Delhi wheat prices unchanged due to high demand, supply
Delhi wheat prices unchanged due to high demand, supply
Egypt raises supply price of wheat for the 2017 crop season.
Egypt raises supply price of wheat for the 2017 crop season.