Page 2 - Wheat Export News Today

Russian wheat export prices jumped last week along with global prices after Russias withdrawal from the Black Sea grain deal and amid restrictions on navigation in the Kerch Strait, analysts said.

The leaders of six major trade bodies in Bangladesh have expressed concerns over disruptions to the global supply chain of wheat following Russia's exit from the Black Sea Grain Initiative on July 17.

The lifting of the ban on wheat and broken rice exports highlights India's progressive approach to international trade and its willingness to adapt to changing circumstances.

The progressive procurement of wheat in the current season till May 30 is 262 lakh tonnes, which has already surpassed last year's total procurement of 188 lakh tonnes by 74 lakh tonnes: Food Ministry

India, the world’s second-largest wheat producer, banned wheat exports in May 2022 as part of measures to control rising domestic prices.

The highest contributor among the major contributors to the FCI’s procurement kitty is Punjab, where the nodal agency has purchased 8.35 MT of wheat. While the figures for Haryana and Madhya Pradesh are 5.26 MT and 4.6 MT respectively.

Krishna Gopal said that India can supply wheat if the neighbouring nation asks.

Exclusive-India may extend wheat export ban to preserve local supplies - govt sources

Wheat flour price: The price of wheat flour has kept rising in the retail market of Bangladesh due to a decrease in imports amid higher costs of the staple in the global markets, handing a fresh blow to the consumers already struggling to make ends meet. 

Wheat prices have spiked after a Russian announcement that they would withdraw from the Black Sea export agreement, a decision which is expected to have a negative impact on the market.