Breaking News

You are here » Indian-Commodity  :  Commodities  :  Wheat  :  Wheat futures declined on poor spot demand

17-Jun2013

Wheat futures declined on poor spot demand

Wheat futures trade down on lack of spot demand. Also, reduced off take by flour mills against adequate supplies from producing belts, impacted the sentiment. Expectations of increased production and supply in the mandis due to good acreage in growing regions and timely onset of monsoon, triggered the fall in the prices of the grain.

The contract for June delivery was trading at Rs 1580.00, down by 0.63% or Rs 10.00 from its previous closing of Rs 1590.00. 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

PVR launches 8th multiplex in city of Hyderabad

PVR has launched its 8th multiplex in the city of Hyderabad. The 6-screen property is located in a convenient location at Hyderabad Next Galleria in Musarambagh, Hyderabad. Designed on the boutique cinema......

Rane Madras, Karnataka Bank and Manappuram Finance to see some action today

Rane Madras has received approval to invest up to $20 million in Rane Precision Die Casting Inc., USA (RPDC), step down subsidiary, through Rane (Madras) International Holdings B V, The Netherlands (RMIH),......

Karnataka Bank opens 839th branch in Karnataka

Karnataka Bank has opened its 839th Branch at Nadugodu - Kateel in the state of Karnataka on March 20, 2019. Earlier, the bank had opened 838th Branch at Mysuru - Ramanuja Road, Karnataka. Karnataka Bank......