Wheat prices fell by 0.37 per cent to Rs 1,636 per quintal in futures trading today as speculators trimmed positions, triggered by ample stocks on increased supplies from growing regions at spot markets.
At the National Commodity and Derivatives Exchange, wheat for delivery in May shed Rs 6, or 0.37 per cent to Rs 1,636 per quintal with an open interest of 11,620 lots.
Likewise, the wheat for delivery in June contracts traded lower by Rs 4, or 0.24 per cent, to Rs 1,667 per quintal in 8,270 lots.
Analysts said offloading of positions by traders on the back of sufficient stocks due to increased arrivals from producing belts in the physical market mainly contributed to the fall in wheat prices at futures trade.
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