Wheat futures remain up, gain 0.31% on rising demand

Wheat prices rose further by 0.31 per cent to Rs 1,637 per quintal in futures trading today as speculators engaged in raising their bets amid rising demand in the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery October traded higher by Rs 5, or 0.31 per cent to Rs 1,637 per quintal with an open interest of 13,830 lots.
Analysts said increasing of positions by traders following pick up in demand from flour mills in the physical market amid pause in arrivals, mainly kept wheat prices higher at futures trade.