LIVE MARKET TRACKER :   BSE SENSEX   28114.56      |    NSE NIFTY 8532.85    
GLOBAL MARKETS :  NASDAQ 5128.28   -0.01%    |    FSI London 6696.28   +0.41%    |    NIKKEI Japan 20585.24   +0.30%
  USD GBP EUR CAD AUD INR
USD - 0.6405 0.9124 1.3092 1.3704 63.9940
GBP 1.5630 - 1.4261 2.0463 2.1419 100.0226
EUR 1.1061 0.7084 - 1.4480 1.5157 70.7806
CAD 0.7642 0.4895 0.6973 - 1.0473 48.9064
AUD 0.7316 0.4685 0.6675 0.9578 - 46.8154
INR 0.0156 0.0100 0.0143 0.0205 0.0214 -
Indian-Commodity  :  Commodities  :  Wheat  :  India's wheat exports expected to touch 6 million tonnes in 2012-13 (MY): USDA

India's wheat exports expected to touch 6 million tonnes in 2012-13 (MY): USDA (17-Dec-2012)

India's wheat export is likely to touch 6 million tonnes in the 2012-13 marketing year (MY) - 3 million tonnes each of government and open-market wheat, on the back of firm global prices, as per the United States Department of Agriculture (USDA) report. With the current tight open market supplies of wheat, private wheat exports are expected to decline drastically in the near future.

With expected firm international wheat prices, export prospects are also looking favourable through the first quarter of calendar year 2013, the government most likely will further augment the government-held wheat export quota, it added.

The government wheat is currently fetching good export rates compared to the PDS wheat price of Rs 2,000-6,100 ($36-110) per tonne, MSP for MY 2012-13 of Rs 12,850 ($234) per tonne and open market sale price for bulk consumers in most states. The government's decision to export 2 million tonnes of wheat from central stocks fetched a rate in the range of $296.70-319.50 per tonne.

Earlier this year, the government had allowed export of 2 million tonnes of the grain from central pool stocks of Food Corporation of India (FCI) through central public sector undertakings (CPSUs) like STC, MMTC and PEC. The Commerce Secretary S R Rao had said that the Food Ministry will move a proposal for allowing export of an additional 2.5 million tonnes of wheat from the central stocks in order to ease the storage crunch being faced by the country due to an all time high production. India produced a record high of 93.90 million tonnes of wheat crop in the 2011-12 crop year (July-June).

The government has a wheat stock of 37.65 million tonnes as of Dec 1, 2012, which is more than double the stipulated buffer and strategic stock requirement of 11.2 million tonnes as of January 1, 2013. United Nation's body, Food and Agriculture Organisation (FAO) has estimated India's wheat exports to touch 5 million tonnes in the 2012-13 MY.


Top News Today
IOC, RCom, Bank of Baroda and Vakrangee to see some action
(31-Jul-2015)

IOC, RCom, Bank of Baroda and Vakrangee to see some actionIndian Oil Corporation (IOC) wants to buy more crude oil from Cairn India's Barmer, Rajasthan fields, but at an acceptable price. The main buyers of Cairn's Rajasthan oil are - Reliance Industries, Essar......click on news to read complete article.

NTPC, SpiceJet and SBI to see some action
(30-Jul-2015)

NTPC, SpiceJet and SBI to see some actionNTPC and the Jharkhand government signed a memorandum of understanding for expansion of the Patratu thermal power station and increase in power production. This came nearly three months after the two sides......click on news to read complete article.

RIL, PNB, Tata Power and Thermax to see some action
(29-Jul-2015)

RIL, PNB, Tata Power and Thermax to see some actionBillionaire Mukesh Ambani's Reliance Industries (RIL) is weighing a sale of its US shale gas investments. The company may sell the holdings as part of a strategic review of its assets, as it believes their......click on news to read complete article.

International Stock News
US markets made a mildly lower close on drop in energy stocks
(01-Aug-2015)

US markets made a mildly lower close on drop in energy stocksUS markets ended the jubilant month of July on a somber note, with major averages making mildly negative close on Friday, on cautiousness about the exact timing of the Federal Reserve finally raising interest......click on news to read complete article.

US markets closed mostly up on encouraging GDP data
(31-Jul-2015)

US markets closed mostly up on encouraging GDP dataThe US markets closed a choppy session mostly in green on Thursday, after data showed the economy picked up its pace in the second quarter, leaving the Federal Reserve on track to raise interest rates......click on news to read complete article.

US markets closed up; Fed keeps interest rate unchanged
(30-Jul-2015)

US markets closed up; Fed keeps interest rate unchangedThe US markets closed higher on Wednesday, after the Federal Reserve offered no clear indication of the timing of the next rate hike, but left itself room to act as early as September, citing continued......click on news to read complete article.

 

     
  
Recent Wheat News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.