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Wheat futures gain 0.54% on speculative buying

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Press Trust of India New Delhi

Wheat prices went up by 0.54 per cent to Rs 2,045 per quintal in futures trade Monday as speculators made fresh bets.

At the National Commodity and Derivatives Exchange, wheat for delivery in October rose by Rs 11, or 0.54 per cent, to Rs 2,045 per quintal with an open interest of 2,720 lots.

Analysts said fresh positions created by traders after demand improved in the physical market amid a pause in arrivals from producing belts, mainly attributed the rise in wheat prices at futures trade.

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First Published: Sep 24 2018 | 11:55 AM IST

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