Wheat prices drifted down by 0.33 per cent to Rs 1,829 per quintal in futures market today as speculators reduced holdings, triggered by sufficient stocks position at spot markets on increased supplies.
At the National Commodity and Derivatives Exchange, wheat for delivery in August fell by Rs 6, or 0.33 per cent to Rs 1,829 per quintal with an open interest of 1,330 lots.
Market analysts said offloading of positions by traders, driven by ample stocks position on increased arrivals from producing belts in the physical markets against low demand, mainly led to decline in wheat prices at futures trade.
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