Wheat: unlikely to fluctuate much - 09 June, 2016

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Procurement of wheat for central pool has been about 230 lakh tonne so far which is 45 lakh tonne low compared to the last year. On the other hand, arrivals in the producing markets have remained only 20%.
Notably, the government planned for the current financial year to sell about 62.50 lakh tonne of wheat in open market including PDS. Seeing this, it is unlikely to fluctuate much in the coming days.

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