According to the United States Mission in Nigeria, bilateral agricultural trade is expected to cross US$700 million by fall 2025, with wheat doing most of the heavy lifting. A recent 50,000-tonne US wheat shipment unloaded at Apapa Port, valued at roughly US$15 million and purchased by Flour Mills of Nigeria (FMN), is just one visible marker of a much larger shift underway.

In spite of ongoing restrictions on raw wheat, India is reportedly thinking of removing its ban on the export of wheat flour, including wheat or meslin flour (atta), refined wheat flour (maida), and semolina (suji).

Russia’s recent decision to suspend its wheat export duty for the first time since implementing the grain damper mechanism marks a critical inflection point for global wheat trade.

India's rice stocks reached a new high at the start of January, eight times the government's target, while wheat stocks continued to fall as traders urged the government to increase wheat sales in the face of market shortages.

Jordan announces tender to purchase up to 120,000 metric tons of wheat, say traders European traders announced on November

In the first eight months of this year, Russia has achieved a substantial increase in its wheat and rye-wheat flour exports, exporting over 830 thousand tons.

Scientists anticipated that Australia will produce over 31 million metric tons of wheat in the upcoming harvest roughly two million tons more than previously predicted

Their reduction has occurred for the third weekend in a row. On June 19, they declined by 3.2 percent, or 91.2 rubles, from the previous week, reaching 2,754.1.

The European Union's ending stocks estimate was raised in the European Commission's monthly supply and demand data due to upward revisions to soft wheat imports and production. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodity sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. Wheat producers and wheat sellers can easily get the best price on the platform if they sell wheat in bulk while buyers can buy wheat in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame.

FCI procured 26.2 million tonnes of wheat, exceeding the annual buffer requirement of 18.4 million tonnes. This year’s wheat crop will be ready for harvest from April onwards.

India may consider allowing cheaper wheat imports from Russia in order to mitigate rising domestic wheat prices ahead of the Lok Sabha election to be held in March-April 2024. Given the success in agrarian states during recent elections, the government may permit the import of more than 1million metric tonnes(mmt) of cost-effective Russian wheat by potentially reducing the current 40% import duty by around 15-20%.

According to a notification released on Thursday (30th Nov), the government in India has approved the export of certain amounts of wheat, wheat flour, and broken rice to five nations, including Bhutan, Mali, and Indonesia.

This fiscal, the Indian government has offloaded 3.9 million tonne (MT) of wheat so far to bulk wheat buyers through the Food Corporation of India's (FCI) open market sale scheme (OMSS).

Chicago wheat futures fell to their lowest levels in nearly three years this week, but exportable global wheat supplies are expected to approach historic lows by mid-2024, relative to demand.

The Agriculture Ministry of Russia stated that the export duty on wheat by Russia would be increased by 12.1% to 4,493.7 rubles per tonne on September 13 - 19, 2023 from the previous week’s 4007.6 rubles per tonne, reported by Interfax, a Russian news agency. This export duty increased by 7.5% in a week previously.

In a recent meeting with Turkish President Recep Tayyip Erdogan in Sochi, Russian President Vladimir Putin restated his stance on the reinstatement of a United Nations-brokered deal to safely ship Ukrainian grain across the Black Sea.

Amidst a backdrop of soaring grain prices and a surge in demand ahead of the festival season, the Indian government is contemplating a significant shift in its import policy for wheat.

India is the second-largest producer of wheat worldwide. India's wheat prices have risen to a 6-month high. To keep prices under control, the government may lower or eliminate import taxes on wheat.

According to today's report, “Wheat edged lower but is still poised for a weekly gain of more than 9%, as military drills in the Black Sea add to the risks of disrupting grain trade from a crucial producing region.”

Located in northwest corner of Africa, Morocco has long been a large wheat importer. On an average, the country has imported 3 million tonnes of soft wheat every year in last 10 years and in 2021 itself, Morocco imported wheat worth $1.36 billion.

Located in Asia, India is the second largest wheat producer in the world, behind China and the country harvests bulk volumes of wheat every year. Cool climatic conditions and medium rainfall support wheat cultivation in the Asian nation.

The balance between market demand and supply determine the price of any commodity.

According to European traders, the Taiwan Flour Millers' Association has launched an international tender to buy approximately 56,000 tonnes of grade 1 milling wheat from the United States.

India is the largest rice exporter and second-largest wheat producer in the world. Back in 2022, it banned exports of wheat and wheat flour and also imposed a 20% duty on exports of all varieties of non-basmati rice.

The USDA expects 2023–2024 to produce a record wheat crop of 789.8 million metric tons (mmt), an increase of 1.5 mmt or 0.2% from the previous year.

Located in Asia, India is the second largest rice and wheat producer in the world. It harvests bulk volumes of rice and wheat every year and is even the leading rice exporter in the world.

The World Bank's Food Security Update shows that while rice prices have remained largely unchanged over the past two weeks, the prices of wheat and maize have fallen 11% and 14%, respectively, on the international markets.

Located in Asia, India is the second largest wheat producer in the world. Making use of favorable weather conditions, the Asian nation harvests bulk wheat every year.