World Perspectives
wheat softs

Indian Subcontinent Regional Analysis

Wheat prices have softened quite a bit in the past five weeks as imports have been good. While there has been no official announcement yet, it is being speculated that the government of India (GOI) might impose a 25 percent tariff on wheat imports as of 1 April for two reasons. Wheat Prices Soften; Deliveries Start in Central and West India Wheat prices have softened quite a bit in the past five weeks as imports have been good, possibly totaling 5 MMT by the end of March. Another reason is the ag ministry’s forecast of a bumper crop of 96.64 MMT in 2016/17 against the 2015/16 estimate of 92.29 MMT. The average trade estimate for last year’s wheat production was 87 MMT. February 2017 was the hottest month since 2007, and this could affect...

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