Friday, May 03, 2013

EPIC AGRI COMMODITY UPDATE:WHEAT

Wheat  trading range for the day is 1494-1528.
Wheat gains on some buying support after prices dropped in last some session weighed by rise in arrivals due to new season harvest.
The higher output will exacerbate storage problems as the government has run out of space due to bumper harvests since 2007.
Wheat procurement procurement by India has risen by 12.5% to 17.11 mn tons so far in 2013-14
In Delhi wheat prices gained 8.5 rupee to end at 1463.5 rupees per 10 kg.

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