Weak demand weighs on wheat spot markets.
Prices of mill-quality wheat fell due to a decline in demand from flour millers and stockists amid a rise in arrivals. Demand fell today as most bulk buyers have started shifting to the government's weekly auctions as prices in spot markets have gradually started to rise. Wheat prices are likely to remain steady in the coming days as spot arrivals have almost dried up. Farmers and small stockists have almost exhausted their stock and bulk buyers are waiting for big stockists to start offloading at the spot markets.