Wheat slumps on overseas market

Wheat yesterday traded with the negative node and settled -0.19% down at 1177.2. USDA increased its forecast for end-of-season world supplies of wheat which might have some sentimental impact on prices.Two days before the procurement of wheat begins in Madhya Pradesh, the only state to give a bonus of Rs 100 over and above the minimum support price (MSP), the state government said the process has

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