Reuters, 31 July 2012
MUMBAI, July 30 (Reuters): India’s wheat futures are likely to fall this week on extended profit taking and fears that the government might intervene to control rising food prices.
At 01048 GMT, the August wheat contract on the National Commodity and Derivatives Exchange (NCDEX) was trading up 1.21 per cent at 1,424 rupees per 100 kg.
The contract, which rose about 21 per cent since the beginning of this month to hit a high of 1,470 rupees on July 21, fell 3.1 per cent in the previous week.
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