News Snapshot:
With corn (maize) prices ruling higher than wheat for the first time in a decade, demand for the latter has increased in the domestic and export markets, according to trade and industry experts. India has begun exporting wheat for feed to countries such as Indonesia, while enquiries are coming in from Vietnam. This will help India maintain wheat exports at last fiscal’s level of two million tonnes (mt) On Tuesday, Chicago corn futures for delivery in July were quoted at $6.66 a bushel (₹19,600 a tonne), while Chicago wheat July futures ended at $6.26 a bushel (₹17,200 a tonne). Such...
