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Wheat futures inch up 0.46% on speculative buying

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Press Trust of India New Delhi

Wheat prices edged higher by 0.46 per cent to Rs 1,750 per quintal in futures market today as speculators made fresh bets.

At the National Commodity and Derivatives Exchange, wheat for delivery in May went up by 0.46 per cent to Rs 1,750 per quintal with an open interest of 1,230 lots.

However, delivery in far-month June held steady at Rs 1,777 per quintal in 4,520 lots.

Analysts said fresh positions created by traders due to improved demand in the physical market amid a pause in arrivals from producing belts influenced wheat prices at futures trade.

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First Published: May 11 2018 | 11:40 AM IST

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