Removal of support price increased availability of wheat: FAO
The removal of the official purchases of wheat at the minimum support price since 2024 has contributed to increased market availability, as farmers, unable to sell to the government, released greater volumes into the open market, exerting additional downward pressure on prices. The Food Price Monitoring and Analysis of the Food and Agriculture Organisation (FAO) says the retail wheat flour prices followed mixed trends in March and were significantly lower year-on-year, mostly weighed down by abundant market supplies from the record 2024 production. The report says global wheat export prices also decreased in March 2025. Similar to maize, uncertainty over rising global trade tensions weighed on market sentiments, along with reduced import demand from China.