Wheat continued to slide in futures trade today with prices shedding another 0.21 per cent to Rs 1,163 per quintal today on increased arrivals in the spot markets.
At the National Commodity and Derivatives Exchange, wheat for delivery in May fell by Rs 2.40, or 0.21 per cent, to Rs 1,163 per quintal, with an open interest of 32,380 lots.
Similarly, wheat for delivery in April traded lower by 80 paise, or 0.07 per cent, to Rs 1,151.40 per quintal, with a business turnover of 7,920 lots.
Analysts attributed the persistent fall in wheat futures prices to rising arrivals of the newly-harvested crop in the markets.
Meanwhile, arrivals have started in Madhya Pradesh and Gujarat, while supplies would start from Punjab and Haryana.
