Page 16 - Wheat
Wheat futures extend losses, down 0.39% on higher supply
Wheat for delivery in January shed 0.10% to Rs 2,070 per quintal in 2,690 lots
 "Wheat futures extend losses, down 0.39% on higher supply")
India imports 17.2 lakh tonnes of wheat this year
Wheat imports are being undertaken to meet domestic shortages
 "India imports 17.2 lakh tonnes of wheat this year")
With polls in mind NDA announces biggest increase in wheat MSP
MSP of chana raised by Rs 500/ quintal and masur by 550 per quintal
 "With polls in mind NDA announces biggest increase in wheat MSP")
Centre to offload 1 mt wheat in open market
Additional grain to be made available by tweaking strategic reserve norms
Govt to release 1 million tonnes of wheat to ease price pressure
The government will change the norms to have three million tonnes of rice and two million tonnes of whea
 "Govt to release 1 million tonnes of wheat to ease price pressure")
India likely to import 2 MT wheat to boost supplies
Already, about 6,00,000 tonnes of wheat has been imported from Australia, Ukraine, France and Russia
Wheat weakens on ample stocks
Traders said reduced offtake by flour mills also contributed to it
 "Wheat weakens on ample stocks")
Falling wheat output, lower global price trigger import surge
From April onwards, wheat prices have gone up in India by 15 per cent
 "Falling wheat output, lower global price trigger import surge")
Indian wheat supplies tight, may boost low global prices
India has already bought about 600,000 tonnes of wheat in 2016, the most in nine years
FCI to construct 4 silos for Rs 165 crore
The silos will have a combined wheat storage capacity of about 1,75,000 tonnes
Wheat imports may rise to 5 mn tonnes in 2016-17
ITC taking steps to scale up sourcing
 "Wheat imports may rise to 5 mn tonnes in 2016-17")
Govt watching wheat, flour prices; might remove duty
Wheat procurement in the central pool as on date is 22.9 mt; the target was to purchase around 28 mt
 "Govt watching wheat, flour prices; might remove duty")
The story behind India's missing wheat stock
A cool weather laden with moisture is good for the wheat crop. However, such a climate has been absent this year
 "The story behind India's missing wheat stock")
Govt wheat procurement likely to fall
Dip attributed to more active buying by private agencies this year
 "Govt wheat procurement likely to fall")
RBI extends, revalidates wheat cash credit limit in Punjab
RBI extended validity of authorisation of Rs 17,523 cr as cash credit limit for wheat crop of the rabi 2016-17 season in Punjab till May
 "RBI extends, revalidates wheat cash credit limit in Punjab")
Wheat, other grains weaken on low demand
Traders said fall in demand from flour mills against sufficient stocks position led to the decline in wheat prices
 "Wheat, other grains weaken on low demand")
Bad weather could clip wheat crop by 14%, imports loom
ASSOCHAM said bad weather will shave off at least 13 mt from farm ministry's latest forecast of 93.8 mt for 2016
 "Bad weather could clip wheat crop by 14%, imports loom")
Recent rains good for wheat crop: Govt
Wheat crop is already matured and would be harvested from next fortnight
 "Recent rains good for wheat crop: Govt")
High price, poor quality make wheat exports unviable
Exports fall 82% in April-Dec to 550,000 tonnes
 "High price, poor quality make wheat exports unviable")
