Friday, April 05, 2013

EPIC AGRI COMMODITY UPDATE:WHEAT

Wheat  trading range for the day is 1371-1413.
Wheat gains on some short covering amid firm spot demand after prices dropped as the new season harvest starts rolling
The Wheat supplies remain steady though there are some worries over the crop q
uality in Madhya Pradesh.
Farmers are expected to produce 92.3 mln tns, the sixth straight year of output surpassing domestic demand of about 76 mln tns.
In Delhi wheat prices dropped -6.9 rupee to end at 1540 rupees per 10 kg.






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