Wheat International Market
28-Apr-2026 08:45 AM
Wheat International Market
★ According to the USDA, 0.365 million tonnes of wheat exports were recorded from the U.S. in the week ending April 23. Total exports for the season have reached 22.0 million tonnes.
★ Last week, the Philippines imported 0.085 million tonnes, Japan 0.084 million tonnes, and South Korea 0.055 million tonnes.
★ Spring wheat sowing in the U.S. reached 19% as of April 23.
★ Saudi Arabia issued tenders to purchase 0.085 million tonnes of wheat.
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Domestic Wheat Market
★ Wheat prices in the domestic market showed an upward trend yesterday.
★ Government procurement is also progressing at a large scale. Procurement in Haryana is nearing its target, while in other states it is gradually increasing.
★ Procurement is expected to accelerate further once URS quality wheat buying begins. If the current pace continues, total procurement may reach 22.5 million tonnes, which will shape future market strategy. For now, keep a close watch on procurement.