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Wheat futures gain 0.30 pc on speculative buying

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Press Trust of India New Delhi
Wheat prices edged up by 0.30 per cent to Rs 1,661 per quintal in futures trading today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, wheat for delivery in April rose Rs 5, or 0.30 per cent, to Rs 1,661 per quintal with an open interest of 6,110 lots.

However, wheat for delivery in May held steady at Rs 1,676 per quintal in 4,330 lots.

Analysts attributed the rise in wheat futures to speculative positions created by traders amid pause in supplies.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Mar 31 2017 | 11:57 AM IST

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