NCDEX wheat futures down over 1% on weak demand .

Wheat futures on the NCDEX ended over 1% down due to weak demand from bulk buyers and ample supplies. Most millers and big buyers have already built stocks from the imported wheat and for further purchases they are waiting for prices to fall when stockists liquidate their stocks in Jan-Feb. Prices of the grain have remained subdued over the past six to seven months as most millers and stockists in south India preferred importing wheat than buying from domestic markets.