Business Standard

Wheat futures rise 0.22 pc on speculative buying

Image

Press Trust of India New Delhi

Wheat prices went up by 0.22 per cent to Rs 1,804 per quintal in futures trade today as speculators created fresh bets.

At the National Commodity and Derivatives Exchange, wheat for delivery in June month was trading higher by Rs 4, or 0.22 per cent to Rs 1,804 per quintal with an open interest of 6,170 lots.

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

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 17 2018 | 11:50 AM IST

Explore News