Wheat fell by another 0.35% in futures trade today amid adequate availability due to record procurement by the government.
At the National Commodity and Derivatives Exchange, wheat for June delivery fell further by Rs 4, or 0.35%, to Rs 1,145 per quintal, with an open interest for 11,820 lots.
July wheat delivery was trading Rs 1.60, or 0.14%, lower at Rs 1,177 per quintal, with a trading volume of 25,200 lots.
Market analysts said sufficient supply in the spot market amid record wheat procurement by the government on the back of all-time high production of the rabi crop continued to put pressure on wheat prices in futures trade.
Meanwhile, wheat procurement in the ongoing procurement year so far has touched a record 26.43 million tonne.
