With India's Agriculture Minister Sharad Pawar ruling out wheat exports for the time being, wheat futures which were rebounding at NCDEX went down again. India's major stock indices are set to gain this year on the back of earnings optimism and economic growth while RBI seems to be gearing up for interest rate hike in its Monetary Policy to be released on April 20
Chinese food safety regulator, State Food and Drug Administration is said to have ordered a thorough investigation into the unhygienic supplies of edible oil, which is estimated to be about one-tenth of total Chinese edible oil supplies.
India’s food inflation based on wholesale prices dropped in the first week of March while fuel inflation climbed.