No expectation of bearish market in wheat

Government procurement of wheat has stopped after being 433.24 lakh metric tonnes and due to good import of Indian wheat in international markets, the demand for export is increasing. Loading is going on at most of the rack points of UP, MP. At the same time, Nepal, Bangladesh has no wheat production, due to which there is a possibility of continuous growth in Indian wheat exports this time. Although there will be no demand in the domestic markets for a few days due to the free distribution scheme, but in future there will not be any bearish market as stockists has good stocks to sell.

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