At the National Commodity and Derivatives Exchange, wheat for delivery in March month declined by Rs 27, or 1.56 per cent, to Rs 1,701 per quintal with an open interest of 4,230 lots.
Likewise, the wheat for delivery in April contracts was trading lower by Rs 7, or 0.42 per cent, to Rs 1,642 per quintal in 2,520 lots.
Analysts attributed the slide in wheat futures to profit-booking by participants, triggered by sufficient stocks in the physical market against weak demand from flour mills.
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