Category : Wheat

Wheat

Turkey Imposed A 130% Import Tariff Of Some Grain Imports Including Wheat And Corn

Turkey Imposed A 130% Import Tariff Of Some Grain Imports Including Wheat And Corn

The harvest of wheat and barley in Turkey begins in May. 

According to a presidential decision published on 25th April in the Official Gazette, Turkey imposed an import tariff 130% on some grain imports, including wheat and corn. The government recently announced large energy and infrastructure projects in the run up to the election. 

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Wheat

Wheat Export Ban To Continue To Ensure Adequate Supplies In India: Goyal

Wheat Export Ban To Continue To Ensure Adequate Supplies In India: Goyal

India is the 2nd largest wheat producing country and is amongst the largest exporters and consumers of the commodity. In an effort to rein in rising domestic prices, India, the second-largest producer of wheat in the world, banned wheat exports in May 2022. 

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Wheat

Morocco’s Wheat Imports Jump in March Under New Quotas

Private importers in Morocco increased their purchases of soft wheat in March to the maximum amount permitted by the government’s new “first come, first served” import quota system, as the outlook for the domestic crop, deteriorates in the months leading up to the May harvest. 

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Wheat

Russia Has No Plans To Halt Wheat Exports: Sources

Russia Has No Plans To Halt Wheat Exports: Sources

Russia is the largest global wheat exporter

Current Reports 

Two sources with information reported on the 24th of March that Russia doesn’t have any plan to halt wheat exports and that the country wants exporters to ensure that high enough prices to cover average production costs are paid to farmers. This would entail maintaining Wheat Export prices at or above $275 to $280 per tonne, they continued. 

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Wheat

Showers, Hailstorms Raise Concerns Over India’s Wheat Crop Despite Receding Heatwave

Showers, Hailstorms Raise Concerns Over India’s Wheat Crop Despite Receding Heatwave

After ducking anxiety caused by rising temperatures and heatwaves, estimations of India’s bumper wheat harvest on grounds of increased acreage and cold winter have again got clouded by concerns over unexpected showers and hailstorms.

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Wheat

Russia’s 2023 Wheat Harvest Predicted To Be 86 Million Tons

Russia’s 2023 Wheat Harvest Predicted To Be 86 Million Tons

SovEcon, a consultancy firm, predicted that Russia, one of the world’s largest producers as well as exporter of wheat would produce an estimated 86 million tons of wheat in 2023, which was in line with earlier projections despite unfavorable weather in January.

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Wheat

India To Offer 2 Mln Tonnes More Wheat To Cool Prices

India To Offer 2 Mln Tonnes More Wheat To Cool Prices

In May 2022, India, which is also the world’s second-largest consumer of wheat, outlawed exports after a sharp and sudden rise in temperatures cut production, even as export demand increased to make up for the global shortfall brought on by the conflict in Russia and Ukraine.

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Wheat

War In Ukraine Impacting Global Wheat Prices, Renewal Of Black Sea Grain Deal In March Unclear

War In Ukraine Impacting Global Wheat Prices

The Russian invasion of Ukraine began on the 24th of February 2022 and the war between the two led to disruptions in the supply chain. Both Russia and Ukraine are the major producers and exporters of Wheat in the global market accounting for around 20% and 10% of global wheat exports respectively. They play a crucial role in satisfying the wheat needs of people around the world especially of the people located in north African as well as Middle Eastern countries. 

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Wheat

India To Have Record Wheat Production, Must Plan For Exports: Arun Kumar Joshi

India To Have Record Wheat Production, Must Plan For Exports: Arun Kumar Joshi

Located in Asia, India is the second largest wheat producer in the world. However, despite this, to cater to its high consumption needs, the country contributes a meagre 1% in the global wheat trade. Though Mr. Arun Kumar Joshi, managing director, Borlaug Institute of South Asia and the Country Representative of International Maize and Wheat Improvement Centre (CIMMYT) expects that to change with hopes of a bumper wheat harvest this year.

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Wheat

Average Price Of Wheat Flour Rose By 31% In 2018-2022: GOI

Average price of wheat flour rose by 31% in 2018-2022: GOI

India is the second-largest wheat producing country in the world after China. As per the statistics, Uttar Pradesh, Madya Pradesh and Punjab are the major Wheat producing states of India. Accounting for around 32.42% of the entire wheat production of the country, Uttar Pradesh leads the wheat production of the country.

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