date:Mar 06, 2013
ser at New Delhi-based trading company Emmsons International.
By June or July, India would be forced to sell at $260 a tonne FOB as Black Sea harvests will drag down global prices, Narang said.
India needs to grab the golden opportunity before global wheat prices bottom out once supplies from the Black Sea origin hit the market, said Veena Sharma, secretary at the Roller Flour Millers Federation of India, an industry body.
Benchmark U.S. wheat prices are trading near their lowest since June a