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Monday, August 5, 2024
Australian wheat production boosted by rainfall, but Chinese demand may lag
Rainfall across much of Australia has improved the outlook for the country's 2024/25 wheat production, although demand from China may remain weak, according to analysts and traders, Reuters reported.
Monday, July 22, 2024
Xinjiang Uygur Autonomous Region, China, set domestic yield records for wheat
Amid a summer grain harvest progressing in northwest China's Xinjiang Uygur Autonomous Region, one of the country's major grain barns, the region has set domestic yield records for wheat.
Wednesday, July 17, 2024
Nigeria suspends import duties on wheat and maize
Nigeria's Minister of Agriculture, Abubakar Kyari, has confirmed the suspension of duties, tariffs, and taxes on the importation of major commodities like maize and wheat under the Tinubu administration, Premium Times reported.
Monday, July 1, 2024
IGC increases global corn production forecast, adjusts wheat outlook
The International Grains Council (IGC) has revised its forecast for global corn production in the 2024/25 season, raising the estimate by 3 million metric tonnes to a total of 1.223 billion tonnes, Reuters reported.
Friday, June 28, 2024
Egypt purchases 470,000 metric tonnes of wheat in international tender
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), announced the acquisition of 470,000 metric tonnes of wheat through an international tender, Reuters reported.
Friday, June 28, 2024
Iran buys 4.77 million tonnes of wheat from local producers since April
Iran has purchased some 4.77 million tonnes of wheat worth over $1.63 billion from domestic producers since April under the framework of a national plan that guarantees the purchase of domestic production of the crop.
Wednesday, June 26, 2024
Commodity analysis firm cuts Russian wheat output forecast to three-year low
Commodity analysis firm Argus has reduced its forecast for Russian wheat output this year to a three-year low of 79.5 million metric tonnes, a significant decrease of nearly 12 million tonnes from 2023, attributed to dry weather and late fr ...
Wednesday, June 19, 2024
Iran buys 4.4 million tonnes of domestic wheat worth over US$1.3 billion
Iran has purchased approximately 4.4 million tonnes of wheat, valued at over US$1.3 billion, from domestic producers since April as part of a national plan that guarantees the purchase of locally produced wheat, Tehran Times reported.
Tuesday, June 11, 2024
India anticipates record wheat production
India's wheat production is poised to reach a record high this year, driven by all-time high prices prompting farmers to expand planting areas and adopt high-yielding varieties, Reuters reported.
Wednesday, June 5, 2024
Nonghyup Feed secures 60,000 metric tonnes of animal feed wheat
Leading South Korean animal feed group, Nonghyup Feed Inc (NOFI), has purchased approximately 60,000 metric tonnes of animal feed wheat in a private transaction, bypassing an international tender, according to European traders, Reuters repo ...
Tuesday, June 4, 2024
Australia's 2024/25 wheat harvest boosted by bigger planted area
Analysts at Rabobank said Australia's 2024/25 wheat harvest is expected to increase compared to last year due to an increase in planted area, but output for barley and canola will decline, Reuters reported.
Monday, May 13, 2024
JPMorgan Australia fined for allowing suspicious trades in wheat futures
JPMorgan's Australian division faced a fine of AUD 775,000 (US$509,200) for permitting the placement of suspicious client orders on wheat futures trading, aimed at manipulating the market, revealed Australia’s corporate regulator, Reu ...
Monday, May 6, 2024
Global wheat and corn prices hit three-year lows, World Bank reports
A new report released by the World Bank revealed that global wheat and corn prices have reached their lowest levels in three years during the first quarter of 2024, Ukraine Business News reported.
Tuesday, April 30, 2024
India's wheat procurement sees slight decrease, to accelerate soon
India has commenced its wheat procurement for the 2024-25 marketing year, signalling a positive start despite a 17% decrease in total procurement until April 25 compared to the same period last year, Business Standard reported.
Friday, April 19, 2024
Punjab, Pakistan, hit by record low wheat prices
Wheat prices in Pakistan's Punjab province have plunged to record lows, with farmers compelled to sell their harvest well below the government's minimum support price.
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