Topic
wheat
Commodities Global Wheat Output May Drop 23 Million Tonnes Next Season on Iran War, El Nino
Global wheat production is projected to decline by 23 million tonnes in 2026-27 as El Niño and the Iran conflict curb acreage and raise fertiliser costs, according to The Hindu BusinessLine. IGC pegs output at 821 mt versus 844 mt this season, with ending stocks falling to 279 mt. CBOT wheat futures trade near $6.54 per bushel as analysts see a price floor from supply risks.
Trade Global wheat rally revives India's export prospects as government allows 5 million tonnes of exports
India has authorised the export of 5 million tonnes of wheat after a four-year ban, according to the Economic Times. The decision follows a global wheat rally and a domestic surplus of 57.8 million tonnes in the central pool. The government had previously allowed an additional 2.5 million tonnes in April 2026.
Commodities Wheat Production Likely Affected by Climate This Year, Experts Warn at Conclave
At the Wheat Products Promotion Society CEO Conclave in Varanasi, experts warned that El Nino could impact wheat production this year, with delayed kharif harvest and potential drought. Despite geopolitical tensions, global wheat markets remain well supplied, anchored by Black Sea region stocks, limiting price rises.
Commodities Wheat Products Promotion Body to Host 2-Day Conclave on Value Chains in Varanasi
The Wheat Products Promotion Society (WPPS), along with the Uttar Pradesh Roller Flour Millers Association (UPRFMA), is organising a two-day conclave titled 'Redefining Wheat Value Chains for a New India' in Varanasi from July 9. The event will bring together 350 participants from 81 cities, featuring over 50 speakers from India and overseas, to discuss global wheat markets, policy, weather and price risk, procurement, trade, storage, milling technology, and nutrition. Key experts include Manoj Kumar Singh and Ramesh Chand. The conclave aims to build a stronger, technology-driven wheat value chain for India.
Commodities India Sets Rice at Rs 2,320/quintal for Ethanol, Wheat at Rs 2,585-2,600 for Millers Under OMSS 2026-27
The Indian government has released the Open Market Sales Scheme (OMSS) policy for 2026-27, setting rice at Rs 2,320/quintal for ethanol distilleries and wheat at Rs 2,585-2,600/quintal for millers. The policy, effective until June 30, 2027, includes tiered pricing for various buyers and introduces a separate category for rice with 10% broken grain content. Allocation to state governments is fixed at 48 lakh tonnes, while no specific quantity is earmarked for other buyers amid concerns over a potential super El Nino impacting foodgrain production.
Commodities India’s Wheat Procurement Surpasses 35.5 Mt Target, Up 19% Year-on-Year
The Indian government's wheat procurement has exceeded its revised target of 35.54 million tonnes, reaching 35.76 million tonnes as of June 21, a 19% increase from the same period last year. Nearly 68% of the procured wheat was under relaxed quality specifications. Central Pool stocks stood at 53.41 million tonnes as of June 1, the highest since 2021.
Manufacturing Varanasi to Host 2-Day Wheat Products Promotion Society CEO's Conclave from July 9
The Wheat Products Promotion Society (WPPS) will hold a two-day CEO's conclave in Varanasi from July 9, 2026, themed 'Redefining Wheat Value Chains for a New India'. Over 300 senior industry leaders, flour millers, and food manufacturers are expected to attend. The event will feature the WPPS Awards 2026 recognizing outstanding contributions to the wheat sector.
Trade Bangladesh Wheat Tender Norms Challenge Indian Exporters
Bangladesh's recent wheat tender imposes specifications that may exclude Indian exporters due to competitive pricing and stringent quality requirements. Indian wheat's test weight and cost structure are key barriers.
Commodities Wheat Procurement Surpasses Target with 17% Surge
Wheat procurement in India surged 17% to over 35 million tonnes for the 2026-27 season, exceeding the target of 34.5 MT. This increase was driven by robust domestic production and favorable mandi rates.
Commodities India's Wheat Procurement Surpasses Revised Target Amid Record Production
India's wheat procurement for buffer stocks has surpassed the revised target of 34.5 million tonnes, reaching 34.99 million tonnes as of May 31. This increase is attributed to record production estimates and relaxed quality norms due to weather impacts.