Monday, 30 May 2011

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India: Wheat tumbles on global cues

  • Monday, 30 May 2011
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  • Wheat yesterday traded with the negative node and settled -0.5% down at 1199. The International Grains Council said it has cut its forecast for the 2011/12 global wheat crop by 5 million tonnes to 667 million, citing adverse weather in the European Union and the United States. Procurement by government agencies has reached a record this year at 25.47 million tonnes as against the previous record



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