Wheat prices fell further by Rs 10 per quintal at the wholesale grains market on ample stocks on higher supplies from producing regions against reduced offtake by flour mills.
Maize also eased on muted demand from consuming industries.
Traders said adequate stocks position on higher supplies from producing belts against reduced offtake by flour mills kept wheat prices lower.
Meanwhile, over 15,000 tonnes of wheat have arrived in the grain markets of Haryana during the rabi marketing season 2016-17.
In the national capital,wheat dara (for mills) eased by Rs 10 to Rs 1,590-15,95 per quintal. Atta chakki delivery followed suit and shed Rs 5 at Rs 1,600-1,605 per 90 kg.
Other bold grains like, maize fell by Rs 100 to Rs 1,600-1,610 per quintal.
(Source – http://www.business-standard.com/article/pti-stories/wheat-remains-weak-on-higher-supply-reduced-offtake-116040600602_1.html)