NEW DELHI, May 31: Wheat prices fell by 0.44 per cent to Rs 1,825 per quintal in futures market today as speculators reduced holdings, triggered by adequate stocks in the spot market on increased supplies.
At the National Commodity and Derivatives Exchange, wheat for delivery in July fell by Rs 8, or 0.44 per cent, to Rs 1,825 per quintal with an open interest of 3,220 lots.
Similarly, the wheat for delivery in June contracts moved down by Rs 7, or 0.39 per cent, to Rs 1,811 per quintal in 7,440 lots.
Market analysts said offloading of positions by traders, driven by sufficient stock position on increased arrivals from producing belts in the physical markets against low demand, led to decline in wheat futures. (PTI)
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