News Capsule: International Wheat Market
11-Nov-2025 08:32 AM
News Capsule: International Wheat Market
★ In the week ending November 6, the U.S. inspected 2.9 lakh tons of wheat for export, up 18% from the same period last year.
★ Mexico was the top buyer with 0.7 lakh tons, followed by the Philippines with 0.62 lakh tons.
★ So far in the current season, the U.S. has exported 10.115 million tons of wheat, which is 20% higher than last year.
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Domestic Wheat Market
★ The government announced wheat sales under the OMSS scheme.
★ In the first tender, the minimum quantity has been set at 250 tons for HT connections and 50 tons for LT connections, with a total of 200,000 tons of wheat to be sold.
★ Market discussions suggested that tenders might be issued every two weeks instead of weekly. If confirmed, this would be a positive sign for the market. IGrain India will provide further updates soon.
★ Wheat prices declined after the tender announcement, which is a natural market reaction.
★ It remains to be seen at what price and in what quantity purchases are made tomorrow, as markets already have adequate stock available.