Wheat production in India will not be affected by the hot weather, because crops have already developed well enough in the main areas and are not vulnerable.
On 6.04.2017 Algeria announced an auction for the purchase of at least 50,000 tons of random origin and June delivery. In the previous auction on15.03.2017, 480,000 tons of wheat was bought at 204 – 206 USD/ton C&F.
Russia’s Ministry of Agriculture decreased its forecast on grain export from the country in the current Marketing Year. It is now expected that export will reach last year’s level of 33.9 mln tons. The previous forecast stated 37 mln tons.
