New Delhi, Jun 29 (PTI) Wheat prices fell further by 0.16 per cent to Rs 1,825 per quintal in futures trading today as speculators reduced their positions, triggered by sufficient stocks in the spot market on increased supplies. Also Read - Over 15 Lakh Vaccinated, 11 Hospitalised Across India So Far, 6 Deaths Unrelated: Govt
At the National Commodity and Derivatives Exchange, wheat for delivery in July month shed Rs 3, or 0.16 per cent, to Rs 1,825 per quintal with an open interest of 7,850 lots. Also Read - FAU-G Mobile Game to be Launched on Republic Day | Here’s How to Download The Game
Likewise, the wheat for delivery in far-month August contracts weakened by Rs 2, or 0.11 per cent to Rs 1,845 per quintal in 3,100 lots. Also Read - BJP, TMC Lock Horns Over Jai Shri Ram Chants as Mamata Refuses to Address Netaji Event in Kolkata | Key Points
Market analysts said adequate stocks position on increased supplies from producing producing belts against low demand mainly put pressure on wheat prices at futures trade.
This is published unedited from the PTI feed.