Wednesday, July 10, 2013

EPIC AGRI COMMODITY UPDATE:WHEAT


Wheat trading range for the day is 1561-1599.
Wheat ended with losses as sluggish domestic demand coupled with easy availability of stocks dragged prices
FCI plans to sell over 9.5 million tonne wheat to bulk consumers in the open market in an effort to bring down domestic prices
In the 2012-13 season, the FCI and state procurement agencies procured 38.1 million tonne compared to 28.1 million tonne in 2011-12

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