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India is heading for a near-record wheat harvest with marketing year (MY) 2017/18 wheat production forecast at 95 million metric tons (MMT) on record area (31.8 million hectares).
Export prices further increased 1-2 percent due mainly to shipments of new-crop white rice to China under the government-to-government agreement.
Ethiopia recently awarded a tender for 400,000 metric tons of imported milling wheat, valued at nearly $91 million, to Promising International, ADM International, and Phoenix Commodities.