Steadier trend seen on the wholesale grain marker on Thursday in the process of thin trading, dealers said. Commenting on the slow business activity these days, some commodity experts said that exporters were worried about the falling trend in export and attributed the decline to un-even exchange rate policy.
They said that rice is one of the major source of foreign exchange earnings, India has already taken a lot of benefits by exporting cotton to importing countries, if the government does not come forward to rescue, it will caused a huge for country's exporters.
On the other hand, interesting factor, which appeared recently that the appreciation in the rupee is lowering the International Monetary Fund's (IMF) loans they said. Only one change was witnessed on the seeds side, where cottonseeds oilcake with bag Sindh new recovered Rs 50 to Rs 1650-1750 due to good demand, dealers said. No change was seen on the rice, grams and cereals sectors, they said.
Comments
Comments are closed.