Wheat prices slipped by 0.48 per cent to Rs 1,670 per quintal in futures trade today as speculators cut down their holdings to book profits amid adequate stocks position at the spot market.
At the National Commodity and Derivatives Exchange, wheat to be delivered in April declined by Rs 8, or 0.48 per cent to Rs 1,670 per quintal with an open interest of 1,750 lots.
Market analysts said reducing of positions by traders, driven by ample stocks position on increased arrivals from producing belts in the physical market, mainly weighed on wheat prices at futures trade.
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