Small business was seen on the wholesale grain market on Saturday where most of the traders were waiting for Monetary Policy, with the expectations of improvement in activity as the State Bank of Pakistan (SBP) has decided to maintain the policy rate at 10 percent, and the SBP expecting that the average Consumer Price Index (CPI) inflation will remain around 8 percent during FY15.
On the cereals side, Moong Punjab drifted lower by Rs 250 to Rs 13000 and the Moong Peshawar lost Rs 750 to Rs 13000, other commodity items retained overnight levels in process of trading, they said. On the seeds side, cottonseeds oilcake with bag Sindh (new) shed Rs 50 to Rs 1800 and Rs 1900, cakes low type, however, gained Rs 35 to Rs 1425 while the best variety followed same trend, gaining Rs 30 to Rs 1430, they added. Rates were inert on the grams and rice sectors, they said.
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