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Tuesday 25 March 2014

Market Reports : Indian wheat rise in prices to $285-290 a tonne for May delivery from a low of $265 a tonne in January.


Indian wheat prices remain firm in the global market with no signs of an ease off in the Ukraine-Russia crisis. Delayed harvesting of wheat in Rajasthan and parts of Gujarat owing to cool weather is also attributed to the rise in prices to $285-290 a tonne for May delivery from a low of $265 a tonne in January.


However, in the volatile market industry sources say that private exporters are not keen on further forward contracts and adopt a wait and watch policy.

"If the crisis in Ukraine-Russia continues we may see bulk buyers flocking to India and domestic prices may go up due to sudden demand pull," said Tejinder Ji grain analyst. Indian wheat prices are currently the cheapest compared to Australian, Russian and French.

Exporters state that wheat was sold on multi-origin basis and specification and Indian wheat could soon see arise in demand. "India wheat will be blended with high priced wheat from European Union for Middle East market. The contract size will fall to 20,000 tonne from 50,000-60,000 tonne as being done earlier due to uncertain global and domestic market," said a global player in wheat trade.

According to some exporters the buyers were ready to buy wheat at even $290 a tonne, but sellers were reluctant in hopes of prices to firm further amid reports of Rajasthan government likely to give bonus to wheat farmers this season. "I have been able to only buy 500 tonne wheat from around Rajkot in Gujarat as supplies have been low," said another global grains and oil seeds company official.


Read full Reports on Our Website : http://www.FeedGrainAgri.com


New Crop -Indian Milling Wheat Daily Price 
(Add on BBM -PIN:28C81F57 )

1.New Crop -Indian Milling Wheat (Min 12% Protein) April & May 2014 Shipment 
Packing : Loose In Container 
CNF Kalang 303 usd & Panang Port Malasiya 305 usd / Mt
CNF Colombo Srilanka 311 usd / Mt
CNF Kaohsiung and Taichung & Taiwan Port 306 usd / Mt
CNF Jakarta / Surabaya, Belawan Indonesia 312 usd / Mt

 

Rates Shown above are not our offer price, this is only to make you aware about the market.

Thanks & Best Regards
Mr. Pankaj Katba 

Feed & Grain Agri Brokers 
"We Care Our Name & Commitment"
(International Brokers / Buyers sourcing agent for Milling Wheat, Maize, Millet, Rice, Sugar Barley & Repe Seed Meal)
905, Star Plaza, Phulchhab Chowk , Rajkot 360 001 Gujarat – INDIA
Tel        : +91 -281- 3065002 Fax: +91 -281- 3065002
Cell No : +91-88-6666-3400, +91-98246 -01900, 
E-mail   : Pankaj@FeedGrainAgri.com & FeedGrainAgri@Gmail.com
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Skype   : FeedGrainAgri   BBM PIN:28C81F57   What's up / Viber: +919824601900
Web : www.FeedGrainAgri.com       Blog : www.FeedGrainAgri.Blogspot.in

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