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    • Spot Market Update: Wheat hovers around last days close

      MoM Team / Mumbai, Aug 16, 2017 04:55 PM IST

        Spot Market Update: Wheat hovers around last days close

        eakness continued in wheat on the account of poor miller&39;s demand and consistent supplies in local mandies.

        The official data suggested that due to the record harvest, government wheat procurement for MY 2017/18 increased by over 34 percent to 30.8 MMT and hit record second highest after 37.9 MMT in MY 2012/13.

        Government-held wheat stocks on July 1, 2017, are officially reported at 32.3 MMT compared to 30.2 MMT a year ago.






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      Source: Capital Market


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