Business Standard

Wheat futures weaken on ample stock

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Press Trust of India New Delhi
Wheat prices eased by 0.52 per cent to Rs 1,708 per quintal in futures trading today as speculators reduced holdings coupled with adequate stocks at spot markets on increased supplies.
At the National Commodity and Derivatives Exchange, wheat for delivery in May fell by Rs 9 , or 0.52 per cent to Rs 1,708 per quintal with an open interest of 2,960 lots.
Market analysts said cutting down of positions by traders, triggered by sufficient stock position on increased arrivals from producing belts in the physical markets, weighed on wheat prices at futures trade.

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First Published: Apr 30 2018 | 11:55 AM IST

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