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Nigeria’s wheat demand continues to rise and is attracting more third-country suppliers of inexpensive wheat. Imports for 2013/2014 have been adjusted to 4.55 million metric tons.
The Canadian renewable fuels industry is coming close to reaching its medium term domestic production capacity.
Romanian farmers have witnessed another good crop year. Harvested crops are estimated to grow for both winter and spring crops this season.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
On Friday, October 31, 2014 the Turkish Grain Board (TMO) announced that they would make 2 million metric tons of wheat stocks available for domestic purchase.
Unusually rainy weather along with cooler temperatures this year made the season challenging for the farmers.
The Government of Pakistan has increased the tariff on wheat imports from zero to twenty percent.
MY 2013/2014 wheat consumption is estimated at 1.85 million tons, an increase from MY 2012/2013 due to the likely the use of more feed wheat in the aquaculture feed industry.
Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons.
The minimum support prices (MSP) for rabi (winter planted) crops for MY 2015/16 have been raised; the MSP for wheat by INR 500 per metric ton to 14,500 ($236) per metric ton.
The Thai Government is considering measures to support MY 2014/15 rice prices but at much lower prices than in previous years and with stricter conditions.
Ukraine’s grain exports are growing at moderate pace. In the new marketing year 2014/15, by mid-October, Ukraine has exported over 6 million metric tons of wheat and over one million tons of barley.