Reading Time: 3 minutes Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more
India bans wheat exports as heat wave hurts crop, domestic prices soar
Ban could push global wheat prices to new peaks
India sells record 1.4 million tonnes of wheat in April
Sales surge on unavailability of Black Sea supplies
Reading Time: 2 minutes New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second […] Read more
U.S. grains: Corn, soybeans ease on expected planting progress
Weather in U.S., India, France adds to Ukraine wheat supply fears
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Monday to five-week lows as warmer U.S. weather expedited planting progress, deflating fears of added soybean acres and further cuts to corn plantings, traders said. Wheat remained underpinned by dry conditions in the U.S. and French growing belts, reinforcing global supply concerns. The most-active Chicago Board […] Read more
U.S. grains: Chicago wheat climbs on new global supply concerns
Corn pressured by hopes of planting progress
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat climbed for a second session on Thursday, underpinned by hot and dry weather across India that is likely to diminish that nation’s wheat export potential, while similar conditions erode U.S. winter wheat crops. Soybean and corn futures added after trading near even all day, as global supplies remain uncertain […] Read more
U.S. grains: Chicago wheat jumps on India export concerns
Soy follows, corn mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures soared on Wednesday on reports that India, a major world producer, would restrict exports as a drought threatened its production even as the nation had hoped to fill a global export gap created by ongoing war in Ukraine. Soybean futures also gained, while corn traded near even, awaiting […] Read more
Heat wave threatens India’s wheat output, export plans
Thin supplies, rising prices indicate lower output
Reading Time: 3 minutes New Delhi | Reuters — India’s wheat output looks likely to fall in 2022 after five consecutive years of record harvests, as a sharp, sudden rise in temperatures in mid-March cut crop yields in the world’s second-biggest producer of the grain. The drop could curb Indian exports of the staple. Cashing in on a rally […] Read more
Record wheat crop, high stocks to help India meet rising export demand
Reading Time: 2 minutes New Delhi | Reuters — Bumper harvests and overflowing grain bins will help India to meet wheat import needs of the world’s top buyers as Russia’s Ukraine invasion hits supplies from the Black Sea region, a top government official said. India, the world’s second biggest wheat producer, is prepared to meet any extra demand for […] Read more
USDA reports offer new oilseed insights from India, Japan
Reading Time: 2 minutes MarketsFarm — The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) released its weekly Global Agricultural Information Network (GAIN) reports on Wednesday, including new information regarding oilseeds in India and Japan. Oilseed production in India is projected to increase by one per cent at 42.1 million tonnes in 2022-23, according to FAS New […] Read more
Egyptian delegation to visit India to discuss wheat imports
Reading Time: 2 minutes New Delhi | Reuters — A delegation from Egypt will visit India in the first week of April to facilitate wheat imports as part of efforts to secure supplies and tide over shortages at one of the world’s biggest importers of the staple, Indian government sources said. Egypt, often the world’s biggest wheat importer, is […] Read more
Pulse sector hails renewed trade talks with India
Reading Time: 2 minutes MarketsFarm — Canada and India have formerly relaunched trade negotiations that could lead to increased Canadian pulse exports to the country. Canada’s Trade Minister Mary Ng met with her Indian counterpart Shri Piyush Goyal in New Delhi on Friday to discuss economic relationships between the two countries. While highlighting existing trade relationships, the ministers also […] Read more
A message from April Stewart, Country Guide's Associate Editor
