Wheat futures slide 0.37% on ample stocks

Image
Press Trust of India New Delhi
Last Updated : Sep 22 2017 | 1:22 PM IST
Wheat prices eased by 0.37 per cent to Rs 1,634 per quintal in futures trading today as speculators reduced positions, triggered by sufficient stocks position at spot market against tepid demand.
At the National Commodity and Derivatives Exchange, wheat for delivery October fell by Rs 6, or 0.37 per cent to Rs 1,634 per quintal with an open interest of 13,710 lots.
Analysts said cutting down of positions by traders on the back of ample stocks position in the physical market against subdued demand from flour mills, mainly weighed on 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: Sep 22 2017 | 1:22 PM IST

Next Story