Search Result for : Wheat Exports

The Dollar Business Bureau  Russia, the world’s largest exporter of wheat, is about to expand its market for grain in the fast-growing Asian economies, which normally import their grain requirements from other parts of the world. Russia is poised to grab more share in markets of Indonesia, China and Japan as drought conditions in countries like Australia, Canada and the US are eroding the wheat production. These countries are the dominant exporters of wheat to Asian countries, accounting for around one-third of the global imports. While wheat shipments from Russia were estimated to surpass those of any other nations, very little is usually shipped to Asia, where wheat imports have nearly doubled in last 10 years as rising incomes pushed up demand for ...

PTI In a relief to Punjab government, the Centre today released Rs 17,994.21 crore towards Cash Credit Limit (CCL) for Rabi procurement subject to certain conditions laid down by the Reserve Bank of India. The Union Finance Ministry and the RBI, in separate letters to the Principal Secretary (Finance), government of Punjab, said the central government had decided to release the CCL immediately in view of the urgent need to procure wheat following early arrival of the grain in the mandis and the assurance of the State Bank of India (SBI), said an official release.The CCL has been released for the Rabi season, up to the end of April, on the condition that the state government would regularize, at the earliest, the ...

The Dollar Business Bureau The flour mills in India have signed deals to buy 5 lakh tonnes of wheat from France and Australia, for delivery between July-September, in the wake of a possible shortfall in domestic production, due to severe drought. Last year alone, private flour mills had imported around 5 lakh tonnes of wheat from Australia; huge import for the first time in the last 10 years because of slow supply of high protein wheat from local markets and lower global prices.  According to some traders, India is expected to import wheat, somewhere between 3 and 5 million tonnes, and the imports duty will reduce by 25%. The traders also said that flour millers have contracted about 350,000 tonnes of wheat from Australia ...

Sai Nikesh | The Dollar Business India’s wheat exports are expected to decline in 2015 and the country is focused at bumper harvest of the wheat crop this year to taken on competition from countries like Australia, Russia and Europe. In India, the trading companies usually sign contracts with the government during February-March for the upcoming crop, but the case is different this time. According to industry experts, the trading companies are not signing contracts for the upcoming crop to be harvested in April-May, citing the Indian wheat prices of $275 a ton, as too high. Rajnikant Rai, COO of ITC’s agri-business, was quoted to have told sources that, in 2015, commitments for a new crop for shipments ...

The Dollar Business Bureau India’s exports of cereals to Nepal are expected to increase significantly in the marketing year 2014 – 15 (July – June) due to a below-normal harvest in Nepal this year. According to the UN’s Food and Agriculture Organisation (FAO), rice production in Nepal is expected to decline by around 9% y/y to about 4.6 million tonnes. This is mainly due to below average monsoon rains this year but floods and landslides in August 2014 in Nepal has also hurt production in the country, said FAO. Wheat and maize production in Nepal are, however, expected to remain at last year’s levels of around 1.9 million tonnes and 2.3 million tonnes respectively. Nepal is a major trading ...

Higher global supplies and lower demand have pushed international prices down in the recent months, which has adversely affected Indias wheat exports The Dollar Business Bureau Wheat is the most traded agricultural commodity and accounts for around 50% of annual global cereal trade   Contrary to earlier estimates that Indias wheat exports may reach a record high this year, high domestic prices and improved crop prospects in wheat producing nations are likely to lead to a sharp decline in Indias wheat exports. USDA says in its latest report that Indias wheat exports are expected to plunge to around 3 million tonnes in FY2014-15, which is almost half of what the country exported in the previous year. According to USDA, India exported around 6.8 million ...