Wheat futures slide 1.57% on adequate stocks

Wheat prices moved down by 1.57 per cent to Rs 1,625 per quintal in futures market on Tuesday as participants reduced positions, triggered by sufficient stocks in mandis on higher supplies from producing regions. At the National Commodity and Derivatives Exchange, wheat for delivery in May month fell by Rs 26, or 1.57 per cent, to Rs 1,625 per quintal with an open interest of 11,460 lots.