NCDEX wheat up rises on hopes of import duty hike.

The most active wheat contract on the NCDEX rose on hopes of hike in import duty. Earlier had exclusively reported that the farm ministry has asked the finance ministry to raise the import duty on wheat to 40-50% from the current 20% to check domestic supply. After a bumper crop last year, wheat supplies in the country are already high and imports can hit prices and hurt farmers,