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Wheat up by 0.44% on speculative buying

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Press Trust of India New Delhi

Wheat prices were up by 0.44 per cent to Rs 1,840 per quintal in futures trade today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, wheat for delivery in far-month August edged up by Rs 8, or 0.44 per cent to Rs 1,840 per quintal with an open interest of 1,590 lots.

Similarly, the wheat for delivery in July contracts was trading higher by Rs 5, or 0.28 per cent to Rs 1,822 per quintal in 8,760 lots.

Analysts said fresh positions created by traders due to pick-up in demand in the physical market and a pause in arrivals from producing belts, mainly helped wheat prices to trade higher at futures trade.

 

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First Published: Jun 27 2018 | 11:55 AM IST

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