The IGC increased their 17/18 world ending stocks number 2 MMT to 256 MMT, as they added to production and trimmed consumption. Ending stocks for 18/19 are seen 3 MMT lower than the current year at 253 MMT.
Russia increased wheat bran export by 4% in first half 2017/18
Russia increased wheat bran exports by 4.4% in the first half of MY 2017/18 against the same time a year ago, to 462.3 KMT. Russian wheat bran exports dropped to 99.6 KMT in December 2017/18. This was down 5.1% on the month and 21.1% less than in December 2016/17 (126.3 KMT).
Demand growth to lift Philippines wheat imports to record high in 2018-19
Wheat imports by the Philippines will resume growth next season, hitting their highest on record, offering an early fillip to exporters from the US.USDA in their first forecasts for Philippines grain supply and demand in 2018-19, pegged wheat imports at 5.75m tonnes.
Odisha imports wheat, cereals to meet needs
Odisha has been importing wheat, cereals, edible oils and potato from other States for long to meet people’s day-to-day needs. Odisha imported 5.12 lakh MT of wheat against annual need of 5.19 lakh MT and 64.48 lakh metric tonne of cereals against annual need of 73.46 lakh MT in 2017-18. Similarly, it imported 0.17 lakh metric tonne of edible oil and 9.51 lakh metric tonne of potato against annual needs of 2.45 lakh MT and 12.53 lakh metric tonne respectively. The Minister informed that Odisha imports wheat mostly from Uttar Pradesh, Madhya Pradesh and Bihar and pulses from Maharashtra and Chhattisgarh. Similarly, edible oil is procured from Rajasthan, Gujarat, Andhra Pradesh and Uttar Pradesh.
Adequate stocks drag India wheat futures down by 0.85%.
Adequate stocks drag India wheat futures down by 0.85%.
Wheat firms, edges up from one-month low as U.S. crops suffer further damage.
Wheat firms, edges up from one-month low as U.S. crops suffer further damage.
Wheat imports rising in the Philippines.
Wheat imports rising in the Philippines.
Madhya Pradesh official says govt to deliver on wheat bonus promise.
Madhya Pradesh official says govt to deliver on wheat bonus promise.
Wheat production likely to hit 100 million tonnes target this year, says govt sources.
Wheat production likely to hit 100 million tonnes target this year, says govt sources.
Australian wheat lowest in Iraq’s 50,000 tonne wheat tender.
Australian wheat lowest in Iraq’s 50,000 tonne wheat tender.
Romania winter wheat condition is good and excellent in the south.
Romania winter wheat condition is good and excellent in the south.
Wheat production in MP, other central States vulnerable to climate change.
Wheat production in MP, other central States vulnerable to climate change.
Madhya Pradesh buys 231 tn of wheat in first two days of procurement.
Madhya Pradesh buys 231 tn of wheat in first two days of procurement.
NCDEX wheat ends down in thin trade, spot prices steady.
NCDEX wheat ends down in thin trade, spot prices steady.
Procurement of wheat may cross 32 MMT.
Procurement of wheat may cross 32 MMT.
Rajasthan government to purchase wheat at MSP of INR 1,735/qtl.
Rajasthan government to purchase wheat at MSP of INR 1,735/qtl.
Farm secy says govt may up 2017-18 wheat crop view to over 98 MMT.
Farm secy says govt may up 2017-18 wheat crop view to over 98 MMT.
French wheat condition cut again on cold weather.
French wheat condition cut again on cold weather.
Madhya Pradesh begins wheat purchase at INR 2,000/quintal.
Madhya Pradesh begins wheat purchase at INR 2,000/quintal.
India wheat remains weak on higher supply.
India wheat remains weak on higher supply.