Grain processors in Bangladesh and Indonesia are taking Black Sea wheat largely to mill into flour, while importers in the Philippines, Thailand and Vietnam have been booking feed wheat cargoes.  |  Reuters/ Habibur Rahman photo

Falling wheat prices encourage Asian customers to buy

Bangladesh among region’s top importers as a steep drop in prices in recent weeks spurs importers to book shipments

SINGAPORE (Reuters) — Asian wheat buyers have stepped up purchases in recent weeks, taking cargoes from the Black Sea region as they returned to the market after a long gap, drawn by a fall in global prices. Regional millers producing flour and animal feed have signed deals to buy close to one million tonnes of […] Read more


Wheat prices in Chicago gained 33 per cent in the past two months after falling to a four-year low, supported by mounting concerns about lower production.  |  File photo

‘Weather market’ resumes role as price driver

The market is closely watching production problems around the world, including Russia, Europe, Argentina and the U.S.

GENEVA, Switzerland (Reuters) — Weather hiccups in major cereal producers have cast a doubt on prospects of a global grain glut and made fundamentals regain their status of key market drivers after being surpassed by politics, notably the war in Ukraine, analysts say. Wheat prices in Chicago gained 33 per cent in the past two […] Read more

Seth Meyer, chief economist of the U.S. Department of Agriculture, told delegates attending the USDA's 100th Agricultural Outlook Forum to expect a continuation of the downward trend in commodity prices in 2024-25. | File photo

Grain market outlook looks grim

SASKATOON — Grain growers should prepare for a year of falling prices and tight margins, says the chief economist of the U.S. Department of Agriculture. Seth Meyer told delegates attending the USDA’s 100th Agricultural Outlook Forum to expect a continuation of the downward trend in commodity prices in 2024-25. Corn prices are forecast to fall […] Read more

Workers sift wheat before filling sacks at the market yard of the Agriculture Product Marketing Committee on the outskirts of Ahmedabad, India, last year.  |  Reuters/Amit Dave photo

India makes effort to tame rising wheat prices

Even a moderate increase in food inflation tends to anger voters and provides easy ammunition to opposition parties

NEW DELHI/MUMBAI, India (Reuters) — Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices that surged earlier this month to their highest level in six months. Last year, India banned wheat exports after a sharp, sudden rise in temperatures clipped output, even as export demand picked up […] Read more