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Wheat futures shed 0.17% on higher supply

Press Trust of India  |  New Delhi 

Wheat prices softened by 0.17 per cent to Rs 1,796 per in futures trading today as speculators trimmed positions amid sufficient stocks at the spot markets.

At the National Commodity and Derivatives Exchange, wheat for delivery in June was trading lower by Rs 3, or 0.17 per cent to Rs 1,796 per with an open interest of 5,540 lots.

Market analysts said, off-loading of positions by traders, triggered by ample stocks on increased arrivals from producing belts in the physical market mainly put pressure on wheat prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 12:00 IST