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Wheat futures shed 0.51 pc on ample stocks

Press Trust of India  |  New Delhi 

prices eased by 0.51 per cent to Rs 1,970 per in futures trade today as speculators cut down holdings amid adequate stocks in the spot market.

At the National Commodity and Derivatives Exchange, for delivery in August month contract drifted lower by Rs 10, or 0.51 per cent to Rs 1,970 per with an open interest of 3,360 lots.

Market analysts said offloading of positions by traders driven by sufficient stocks position on increased arrivals from producing belts in the physical markets against low demand weighed on prices in futures trade.

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

First Published: Fri, August 10 2018. 11:15 IST