Wheat - up by Rs 100 in a week

In wheat, the stockists are continuously buying in the mandis of Madhya Pradesh, Haryana, Punjab, UP, due to which the arrival has increased by Rs 40 per quintal here. There has been an increase of Rs 100 per quintal in a week. We believe that the stockists are still active at the current price, but there is no scope for further upside due to excess stock in the distributor and consuming mandis. In the current increased price, goods should be sold.

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