Wheat

Heera Royal Rice, is an Importer, Exporter, Wholesaler, Retailer and Consumer packer of rice ,spices, beans, pulses etc.

Today, Heera Royal Rice enjoys the advantage of one of the best Rice importer/exporter due to its quality products, sales force and quick delivery services.

World wheat production forecast for 2012-13 is being steadily downgraded. According to latest estimates, output could be lower by as much as 40 million tons from the previous year’s high of 694 million tons. The decline is on account of lower Black Sea region crop (lower yield in EU and Kazakhstan) followed by deteriorating prospects in the southern hemisphere origins Australia and Argentina.

What is more worrying is that world stocks of wheat that were hovering around 195-200 million tons are now set to reduce by about 25 million tons. Stocks with the five major exporting countries are also set to fall by about 20 million tons to a recent low of 50 million tons. Estimates of the 2012-13 stocks have steadily been downgraded.

So, the big question is: where will export supplies come from? Disaggregated numbers are disconcerting. It is seen that nearly 45 percent of global wheat stocks will be held by just two countries China and India, two of world’s largest producers and consumers. Despite being the world’s leading producer, China is not an exporter, but an importer of wheat.

That leaves India as a large producer and stockiest of wheat. With 94 million tons harvest and 38 million tons of government procurement, there is a humongous inventory waiting to be liquidated. The embargo on export was lifted a year ago. Wheat shipments from the country have totaled over 3 million tons. With the recent spurt in export prices and weak rupee, export prospects have brightened. To what extent India will fill the void remains to be seen.