Wheat prices fell by Rs 4.40, or 0.35 per cent, to Rs 1,252 per quintal in futures trade today, as speculators reduced their positions, influenced by sufficient stocks.
Government's decision to retain export restrictions also influenced the trading sentiment.
At the National Commodity and Derivatives Exchange counter, wheat for October delivery fell by Rs 4.40, or 0.35 per cent, to Rs 1,252 per quintal, with an open interest of 19,600 lots.
Similarly, the grain for delivery in September declined by Rs 4.00, or 0.32 per cent, to Rs 1,233 per quintal, with an open interest of 28,680 lots.
Analysts said adequate stocks at the spot markets and bumper crops mainly kept wheat prices down at futures market here.
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