Commodities
Sluggish trend continues in global wheat, rice
SMALLER crops and expanding use are reducing global wheat stocks, but prices remain sluggish because in recent years, the focus has shifted from a global perspective to supplies in major exporting countries.

Spot pepper prices down on selling pressure
SPOT pepper prices declined by Rs 100 a quintal on Thursday at the terminal market here on selling pressure, while not much changes were seen in the futures for want of international buying support.

China hikes surplus cotton stock sale
IN an effort to improve the competitiveness of the domestic textiles industry in the export markets, the Government of China has taken action to reduce domestic cotton prices. After releasing an import quota of 2.3 lakh bales in June, the Government bega n to increase the quantities of reserve-stock cotton offered for sale on the China National Cotton Exchange.

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