Extending its rising streak for the second day, wheat prices were higher by another 1.84 per cent to Rs 1,936 per quintal in futures trade today as speculators engaged in enlarging their positions, tracking a firm trend at spot market on strong demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in January month jumped up by Rs 35, or 1.84 per cent to Rs 1,936 per quintal with an open interest of 2,700 lots.
In a similar fashion, the wheat for delivery in February was trading higher by Rs 10, or 0.53 per cent to Rs 1,888 per quintal in 3,400 lots.
Analysts said, widening of positions by traders following strong demand from flour mills in the spot market amid pause in supply, mainly kept wheat prices higher at futures trade.
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