Wheat futures slide 0.18 pc on ample stocks

Image
Press Trust of India New Delhi
Last Updated : Jun 29 2017 | 1:42 PM IST
Wheat prices eased by 0.18 per cent to Rs 1,624 per quintal in futures trading today as speculators trimmed positions amid weak trend at spot market on low demand against adequate stocks position.
At the National Commodity and Derivatives Exchange, wheat for delivery in August fell by Rs 3, or 0.18 per cent, to Rs 1,624 per quintal with an open interest of 4,850 lots.
However, wheat for delivery in July held steady at Rs 1,605 per quintal in 22,350 lots.
Analysts said offloading of positions by traders, triggered by ample adequate stocks in physical markets against muted demand from flour mills, mainly influenced wheat prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 29 2017 | 1:42 PM IST

Next Story