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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'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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