NEW DELHI, Sept 28: Wheat prices eased by 0.30 per cent to Rs 1,642 per quintal in futures trade today as speculators cut down bets, triggered by sufficient stock positions at the spot markets against low demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in far-month November traded lower by Rs 5, or 0.30 per cent to Rs 1,642 per quintal with an open interest of 4,530 lots.
Likewise, the wheat for delivery in October shed Rs 3, or 0.18 per cent to Rs 1622 per quintal in 10,230 lots.
Analysts said offloading of positions by participants on the back of ample stocks position on increased supplies from producing regions in the physical market against subdued demand from flour mills, mainly led to decline in wheat prices at futures trade. (PTI)
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