News Capsule: International Wheat Market
04-Oct-2025 08:27 AM
International Wheat Market
★ Winter wheat planting in the U.S. is expected to be delayed by 1–2 weeks, as rainfall has slowed down planting progress.
★ A Taiwan flour mill issued tenders to purchase 80,550 MT of wheat from the U.S.
★ According to BAGE, 93% of Argentina’s wheat crop is rated very good, with production potentially reaching 22 MMT.
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Domestic Wheat Market
★ After the recent decline, wheat prices in the domestic market are now showing stability. A total of 3 MMT has been allocated for the OMSS scheme, though its launch date is still uncertain.
★ Until the market strengthens, the likelihood of the OMSS scheme being introduced remains low.
★ With MSP raised by 6%, it is clear the government aims to boost wheat production.
★ Despite the festive season nearing its end, demand for flour, maida, and sooji remains very weak, which has kept prices stable for a long time.
★ FCI has fixed the reserve price for OMSS at Rs. 2,550 per quintal, excluding freight charges, while MSP has been declared at Rs. 2,585 per quintal.
★ If weather remains favorable, wheat production could once again reach record levels in the upcoming season.
★ Looking ahead, IGrain India expects that maximum wheat prices in Delhi could reach Rs. 2,900 per quintal.