Egypt raises supply price of wheat for the 2017 crop season.

Egypt raised the supply price of wheat it will buy from farmers from mid-April to mid-July depending on the quality of the crop. Second time the country has increased the supply price for wheat in the past five months. Wheat harvest season starts in May. In November 2016, immediately after the country floated its currency and cabinet increased the prices of purchasing wheat from farmers to support local producers.

NCDEX barley down tracking weakness in spot market.

Futures contracts of barley fell on the NCDEX tracking key spot markets in Jaipur. Prices of barley fell in Jaipur because of increased arrivals amid lacklustre demand from stockists and feed sector. Arrivals of the new crop were pegged at 5,000 bags (1bag=85kg) compared with 4,000 bags.