SPOTLIGHT: Despite FCI offering more wheat, prices surge on robust demand
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SPOTLIGHT

Despite FCI offering more wheat, prices surge on robust demand

Despite the Food Corp. of India offering more wheat at its weekly auction Wednesday, prices surged as millers made aggressive bids amid shortages in the open market. To bag more wheat from government godowns, millers mostly quoted above INR 3,000 per 100 kg Wednesday, and the average selling price rose to INR 3,011 from INR 2,667 per 100 kg last week, an FCI official said.

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