Breaking News

You are here » Indian-Commodity  :  Commodities  :  Wheat  :  Wheat futures decline on strong production estimates

14-Jun2013

Wheat futures decline on strong production estimates

Wheat futures declined on NCDEX due to mounting new supplies in local mandies along with strong production estimates in the current year, affected the sentiment.

The contract for June delivery was trading at Rs 1596.00, down by 0.50% or Rs 8.00 from its previous closing of Rs 1604.00. The open interest of the contract stood at 2550.00 lots.


Related News

View all news

Government raises custom duty on wheat to 30%

In order to protect domestic growers from cheap imports, the government has raised the customs duty on wheat to 30% from 20% earlier. The increase in import duty on wheat comes in the wake of record domestic......

Wheat procurement up 16% to 31.87 MT so far

The procurement of wheat has risen by 16% and stood at 31.87 million tonnes (MT) so far in this marketing year and is all set to cross the government's target of 32 MT. As many as 18,326 centres have been......

Government procures 19.31 LT of wheat in current marketing year

The government has procured 19.31 lakh tonnes (LT) of wheat from farmers in the current marketing year so far. The government has fixed wheat procurement target at 320 LT for 2018-19 marketing year, as......

Top News

View all news

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......