Page 4 - Wheat Prices

India wheat output seen at 106.41 mn tonnes, 4.41% less than last estimate

Overall food grains production was estimated to be 314.51 million tonnes, more than the 310.74 million tonnes last year.

India's surprise wheat export ban traps 1.8 mt at ports, says report

Only exports backed by letters of credit (LCs), or payment guarantees, issued before May 13 can proceed before the ban takes effect, India has said

India's export ban fallout: International wheat prices hit record high

The price, which was already high in the wake of Russia's invasion of major wheat exporter Ukraine, jumped to €435 ($453) per tonne as the European market opened

Damaging India's credibility

Wheat export ban should have been avoided

Muted impact of wheat export ban on India's domestic food inflation: Nomura

If India's wheat ban leads to higher price of substitutes like rice, then there could be upward pressure on other food prices

Wheat prices soften after export ban, but high demand may limit downside

Traders say market is still biased towards demand; while this could come as some relief to the farmers, a major price spike in the months ahead seems unlikely

Wheat procurement deadline extended after export ban; quality norms eased

Till May 14, some 18 million tonnes of wheat have been bought for Central pool; that's 51% lower than the procurement during the same period last year

India restricting wheat exports could make world's food problems worse

India's decision to halt wheat exports came as a record-breaking heat wave parched the crop during a crucial period, spurring estimates of slumping yields.

Government, RBI behind the curve in controlling inflation: Congress

The party also termed the government's decision to ban wheat exports as anti farmer.

Congress slams govt's wheat export ban, terms the move 'anti-farmer'

According to an official notification, India has banned wheat exports with immediate effect as part of measures to control rising domestic prices

Mill owners ask govt to ensure steady wheat supply to keep prices in check

The country has enough wheat in stocks and it is monitoring supplies, the government assures mill owners.

Average retail wheat flour price rises 13% Rs 32.91 per kg in a year

The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data.

After 5 record crops, heatwave threatens India's wheat output, export plans

Cashing in on a rally in global wheat prices after Russia invaded Ukraine, India exported a record 7.85 million tonnes in the fiscal year to March - up 275% from the previous year

Cheap Indian wheat faces quality checks, high freight cost for Egypt export

Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne

Wheat procurement so far almost 30% lower than last year, say traders

Heavy private purchases in main producing states of Madhya Pradesh and UP cited as reason

Record wheat crop, high stocks to help India meet rising global demand

India's new season wheat harvest is underway, with this year's production pegged at a record 111.32 million tonnes - making it the sixth season in a row that the country has produced a surplus.

Centre to hold high-level meeting on Thursday to boost wheat exports

Move follows rising global demand for Indian wheat due to the Russia-Ukraine crisis

India acts to seize gap in wheat export market left by Ukraine war

India is rolling out ambitious measures over the coming weeks to try to establish the country as a dominant exporter of high-quality wheat as importers scramble for supplies after Ukraine invasion

TMS Ep-123: Back to office, Indian trade, markets, NSE IFSC

Is India Inc going back to office? How is Indian trade filling the void created by Russia? Buy when markets dip or sell on a rally? How to invest in international stocks via NSE IFSC? All answers here

Rising oil can burn Rs 1-trillion hole in govt coffers in FY23: SBI report

Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now