Breaking News

You are here » Indian-Commodity  :  Commodities  :  Wheat  :  Wheat futures trade down on lower off-take

13-Jun2013

Wheat futures trade down on lower off-take

Wheat futures trade down on NCDEX on account of easy availability and low off-take. Further, strong production estimates in the current year also affected the wheat prices.

The contract for June delivery was trading at Rs 1615.00, down by 0.06% or Rs 1.00 from its previous closing of Rs 1616.00. The open interest of the contract stood at 3990.00 lots.


Related News

View all news

FCI decides to sell 10 million tonne of wheat to bulk consumers this fiscal

The Food Corporation of India (FCI), the government's nodal agency for procurement and distribution of grains, has decided to sell 10 million tonne of wheat to bulk consumers this fiscal, over 40 percent......

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......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......