Wheat prices edged higher by 0.24 per cent to Rs 1,695 per quintal in futures trade today as speculators built up fresh positions amid increased offtake by flour mills in the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery in June inched up by Rs 4 or 0.24 per cent to Rs 1,695 per quintal with an open interest of 9,120 lots.
However, wheat for delivery in far-month July held steady at Rs 1,722 per quintal in 18,060 lots.
Marketmen said speculative positions created by traders, driven by pick up in demand from flour mills in the spot market amid pause in supplies from producing belts helped wheat prices to trade higher at futures trade.
