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.
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.
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.
Russia is the largest global wheat exporter.
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.
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.
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.
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.
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.
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.
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.
