Wheat: likely to fall marginally - 08 June, 2016

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Wheat mill quantity fell by Rs 5 to Rs 1770 / 1780 per quintal due to slow buying. It has experienced a loss of Rs 10 within 2 days. According to trade sources, some flour mills from South India are dealing for the imported consignments. On the other hand, Rack demand from the north India will finish after 2 months. Seeing this, stockists are away from the market. So it is unlikely to cross a target level of Rs 1800.

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