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As on Jul 17, 2019 12:00 AM Your results on : Mid Session    
Spot Market Update: Wheat Inches Higher At Delhi Mandi
17-Jul-2019 (16:41)

Stockiest offtake was seen in wheat market due to strong domestic consumption demand. The official data suggested that USDA estimates MY 2019/20 consumption higher at 98 MMT on expectation both that the government may raise the allocation of grains quota to the eligible beneficiaries under the National Food Security Act (NFSA) and that the animal feed sector will require higher wheat offtake. The MY 2019/20 ending stocks estimate has also been revised lower to 19.7 MMT to account for estimated lower opening stocks and forecast higher consumption.

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