8th OMSS Wheat Sale Tender Results:

23-Jan-2025 08:27 AM

8th OMSS Wheat Sale Tender Results:
★ The sale in the 8th OMSS wheat tender was substantial.
★ Higher bids were received compared to the previous tender.
★ The wheat sale volume was increased from 1 million tons to 1.5 million tons in the last three tenders, but this did not impact prices.
★ With tenders being issued at higher prices, wheat prices in the markets are expected to rise further.
★ Wheat planting for the current year has reached 32 million hectares, higher than the 10-year average and last year's figures.
★ If the weather remains favorable, a record production could be achieved this year, but this record output is not expected to put much pressure on prices.
★ To control prices, maintaining a large stock of wheat in the central pool is crucial.