Wheat futures fall on increased arrivals

NEW DELHI, MARCH 28:

Wheat continued to slide in futures trade today with prices shedding another 0.21 per cent to Rs 1,163 a quintal today on increased arrivals in the spot markets.

At the National Commodity and Derivatives Exchange, wheat for delivery in May fell by Rs 2.40 or 0.21 per cent to Rs 1,163 a quintal, with an open interest of 32,380 lots.

Similarly, wheat for delivery in April traded lower by 80 paise or 0.07 per cent to Rs 1,151.40 a quintal, with a business turnover of 7,920 lots.

Analysts attributed the fall in prices to rising arrivals of the newly harvested crop in the markets.

Meanwhile, arrivals have started in Madhya Pradesh and Gujarat, while supplies would start from Punjab and Haryana.

(Source: http://www.thehindubusinessline.com/markets/commodities/article1578391.ece)