Wheat, sugar, other crops price to remain sluggish in 2017-18: NCML

Upside in mustard seed and maize prices too might be capped

The country's wheat output could drop by 2.31 per cent to 96.1 million tonnes in the 2017-18 crop year due to shift in the area to other crops but it won’t stop prices from remaining sluggish, research done by private agri-commodities management and services firm National Collateral Management Services Ltd (NCML)  said on Tuesday.

Not only wheat, the research showed that chana prices are expected to remain below the Minimum Support Price (MSP) of Rs 4,400 per quintal for most of the season and upside will be capped at Rs 4,600 per quintal.

Sugar prices will trade in the band