Wheat

FAO cuts 2018-19 global wheat output view by 3.4 MMT to 746.6 MMT.

NCDEX wheat up nearly 1% on high procurement by govt

Iraq says bought over 300,000 tonne local wheat so far this season.

Wheat drops to 1-week low as US crop condition improves, soybean prices firm.

Wheat prices down in Shahjahanpur as rains hit quality.

RBI extends CCL limit for Punjab wheat procurement till May end.

Unseasonal rains in North India may slow down wheat procurement.

RBI extends cash credit limit for wheat procurement in Punjab.

Wheat procurement in Haryana at 81.49 lakh MT, crosses last year’s level.

USDA arm sees Russia 2018-19 wheat crop down 13%.

U.S. whole wheat flour production dips in quarter.

Rain damages wheat, hits purchase in Moga (punjab).

Egypt’s local wheat buying surges in first two weeks of harvest.

Indonesian Mill Buys 60,000 tobbe Of Black Sea Wheat For August Shipment.

Prices of wheat in the key wholesale market of Kota were unchanged despite a rise in arrivals, owing to the ongoing procurement by the government. So far, the government has purchased 952,296 tn of wheat in Rajasthan, up from 708,610 tn in the year-ago period.

As market arrivals increase, Government agencies such as the Food Corporation of India (FCI) have stepped up the procurement of wheat. Total purchases of the cereal, so far in the 2018-19 marketing season, have exceeded 27 million tonnes (mt), about 12.5 per cent higher than in the corresponding period last year. The Centre is targeting a procurement of 32 mt in the current year, higher than last year’s 30.82 mt.

WheatProcurementof nearly 195 lakh tonnes has been made in FoodGrain StatesPunjaband Haryanathis season. In Punjab, the WheatProcurementwas nearly 116 lakh tonnes till April 30 (Monday) as compared to 110.24 tonnes procured in the same period last year. Over 115.23 lakh tonnes (99.6 percent) has been procured by government agencies. In Haryana, over 79 lakh tonnes of Wheathas been procured so far this season.

A flour mill in Indonesia last week bought up to 60,000 tonnes of wheat from the Black Sea region for August shipment. The deal was signed at around $220-$222 a tonne, including cost and freight (C&F).

Egypt, the world’s largest wheat importer, has so far bought 1.4 million tonnes of the grain from farmers in its harvest, procuring more than a third of its target in the first two weeks. The government is looking to buy about 4 million tonnes of wheat from farmers this harvest, which ends in July. Egypt expects to buy an additional 7 million tonnes of the grain from abroad during the 2018-19 financial year that begins in July. It uses the wheat to supply a sprawling bread subsidy system relied on by tens of millions of people.

Pakistan cleared 500,000 tonne subsidised wheat export quota.