Wheat prices fell by 0.46 per cent to Rs 1,966 per quintal in futures trade today as speculators cut down holdings, triggered by adequate stocks positions at the spot market against subdued demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in September was trading lower by Rs 9, or 0.46 per cent, to Rs 1,966 per quintal with an open interest of 5,040 lots.
Market analysts said offloading of positions by traders, triggered by sufficient stocks position on increased supplies from producing belts in the physical markets against easing demand, weighed on wheat prices in futures trade.
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