Browse Data and Analysis

As Japan’s Ministry of Finance announced import statistics ending June 2014 for wheat, Post has finalized the 2013/2014 marketing year (MY) import number in its PS&D.

Based on the officially reported data on the progress of the Russian grain harvest, FAS/Moscow increased its forecast of Russia’s total grain crop in MY 2014/15 by 1 million metric tons to 102 MMT.

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.

Unusually rainy weather along with cooler temperatures this year made the season challenging for the farmers.

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.

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.

Wheat production for 2014-15 is forecast at 12.5 million tons, 500,000 tons higher than USDA.