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Wheat futures extend gain, up 0.24% on rising demand

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Press Trust of India New Delhi
Last Updated : Jul 06 2017 | 11:22 AM IST
Wheat prices rose further by 0.24 per cent to Rs 1,637 per quintal in futures trade today as speculators engaged in enlarging their positions, taking positive cues from spot market on rising demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in July edged up by Rs 4, or 0.24 per cent to Rs 1,637 per quintal with an open interest of 12,810 lots.
Likewise, the wheat for delivery in far-month August contracts traded higher by Rs 3, or 0.18 per cent to Rs 1,657 per quintal in 14,200 lots.
Analysts said widening of positions by traders on the back of surging demand from flour mills at the spot market amid pause in supplies, mainly kept wheat prices higher at futures trade.

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First Published: Jul 06 2017 | 11:22 AM IST

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