Business Standard

Wheat futures remain weak, shed 0.16 pc on higher supplies


Press Trust of India New Delhi
Wheat prices fell further by 0.16 per cent to Rs 1,825 per quintal in futures trading today as speculators reduced their positions, triggered by sufficient stocks in the spot market on increased supplies.
At the National Commodity and Derivatives Exchange, wheat for delivery in July month shed Rs 3, or 0.16 per cent, to Rs 1,825 per quintal with an open interest of 7,850 lots.
Likewise, the wheat for delivery in far-month August contracts weakened by Rs 2, or 0.11 per cent to Rs 1,845 per quintal in 3,100 lots.
Market analysts said adequate stocks position on increased supplies from producing producing belts against low demand mainly put pressure on wheat prices at futures trade.

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First Published: Jun 29 2018 | 12:05 PM IST

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