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Wheat futures shed 0.18% amid ample stocks

Press Trust of India  |  New Delhi 

Wheat prices softened by 0.18 per cent to Rs 1,685 per in futures trade today as speculators cut bets, triggered by adequate stocks position at the spot market on higher supplies.

At the National Commodity and Derivatives Exchange, wheat for delivery in May declined by Rs 3, or 0.18 per cent, to Rs 1,685 per with an open interest of 2,090 lots.

Market analysts said trimming of positions by traders, triggered by sufficient stocks position on increased arrivals from producing belts in the physical market against weak demand, put pressure on wheat prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 11:40 IST
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