International Wheat Market:

12-Dec-2024 10:19 AM

International Wheat Market:
Export Deals:
Export deals of 2.75–6 lakh tonnes from the U.S. are anticipated for the week of December 5.
Smaller deals, such as 50,000 tonnes, are expected for the 2025–26 season.
USDA Report:
The USDA revised the global wheat stock estimate downward by 3.1 lakh tonnes to 2578.8 lakh tonnes, indicating tightening global supplies.
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Domestic Wheat Market (India):
Accurate Projections:
Predictions by I-Grain India in the wheat trade have largely been validated.
Stock Limit Adjustments:
A reduction in the stock limit was implemented yesterday, previously highlighted in reports.
Measures like selling wheat under the Open Market Sale Scheme (OMSS) and imposing a stock limit have been executed to control prices. However, import relaxation remains challenging.
Price Impact:
Following the stock limit reduction and OMSS tender, wheat prices in Delhi dropped by ₹10 to ₹3090–3100 per quintal.
This data reflects an ongoing effort to stabilize the domestic market while acknowledging tighter global supply conditions. Would you like a deeper analysis or predictions based on this?