Wheat prices fell further by 0.60 per cent to Rs 1,818 per quintal in futures trading today as speculators engaged in trimming positions, triggered by adequate stocks position at spot markets on increased supply.
At the National Commodity and Derivatives Exchange, wheat for delivery in July declined by Rs 11, or 0.60 per cent, to Rs 1,818 per quintal with an open interest of 6,080 lots.
Likewise, wheat for delivery in August shed Rs 6, or 0.33 per cent, to Rs 1,840 per quintal in 4,390 lots.
Market analysts said reduction of holdings by traders, driven by sufficient stocks position on increased arrivals from producing belts in the physical markets against muted demand, mainly kept wheat prices lower at futures trade.
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