NCDEX wheat ends up as traders fear import duty recovery.

Wheat futures contracts ended higher on the NCDEX as traders anticipate prices to rise if the govt recovers import duty on the food grain. The most active April wheat contract on the NCDEX up 0.6% from previous close. Govt has started buying wheat from farmers in Madhya Pradesh, Rajasthan and Gujarat at a MSP. In Madhya Pradesh benchmark Indore market, wheat prices fell due to a rise in supplies. About 25,000 bags (1bag=100kg) of wheat arrived in the market up from 20,000 bags.