New Delhi, Dec 8 (PTI) Wheat prices weakened by 0.18 per cent to Rs 1,626 per quintal in futures trading today as speculators trimmed holdings, triggered by sufficient stocks at the spot market on increased supplies.
At the National Commodity and Derivatives Exchange, wheat for delivery in January was trading lower by Rs 3, or 0.18 per cent to Rs 1,626 per quintal with an open interest of 5,720 lots.
Likewise, the wheat for delivery in December contracts shed Re 1, or 0.06 per cent to Rs 1,662 per quintal in 5,130 lots.
Analysts said offloading of positions by traders, driven by adequate stocks position on increased arrivals from producing belts at the physical market against lower demand from flour mills, mainly weighed on wheat prices at futures trade.
This is published unedited from the PTI feed.