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Wholesale wheat prices in India fell Rs 100 a quintal on ample stocks and improved supplies. Basmati rice also weakened on muted demand, and the government doubled the open-market wheat auction to 14,000 tonnes to check prices.
Ample Indian wheat supplies and weak basmati demand point to softer Indian grain prices. Government auctions aimed at cooling prices add supply that limits upside for global wheat.
business-standard.comBusiness StandardNov 23, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
