Bloomberg survey shows that 2016 – 2017 wheat yield in India will be 91 mln tons, which is 5.6 mln tons less than the official forecast by the country's Ministry of Agriculture and has been the poorest result since 2014 – 2015.
The Syrian National Grain Purchase Agency Hoboob has signed six contracts for the delivery of a total of 1.2 mln tons of wheat from Russia for the completion of the strategic stocks of the country.
On February 22, 2017, Egypt’s State Company GASC purchased 360,000 tons of milling wheat from Ukraine and Russia to be delivered between March 25 and April 4, 2017.
Canadian Ministry of Agriculture lowered its forecast on 2017 wheat production in the country by 0.5 mln tons versus 2016 down to 28.6 mln tons. Spring wheat production forecast was lowered by 3.12 mln tons.
Spain imported 7.13 mln tons of grain in the first half of the current season (July - June), which is 18% less than the same period of last year, Spanish Ministry of Agriculture reported.
On January 22, 2017, Taiwan Millers Association purchased 102,850 tons of milling wheat to be delivered between April 19 and May 3, 2017. The price was 187.15 – 275.51 USD/ton FOB.
