IGC lowered estimates on global wheat production in 2017-2018 by 1million tonnes down to 735 million tonnes, given 754 million tonnes in the current season.
Strong soybeans demand against the backdrop of rising consumption rates in Pakistan leads to increase in import during the period April - June: 636,000 tonnes given 409,000 tonnes a year earlier..
The wheat purchasing campaign of the state fund FCI is over. 30.8 million tonnes of wheat were purchased from local farmers, by 34% more that the previous season.
Russia will enter the new economic year, which starts on July 1st 2017 with exports of 2.3-2.5 million tonnes of grain, according to Russagrotrans's estimate. In July 2016, the export was 2.55 million tonnes.
