Business Standard

Wheat recovers on spot market demand

The August delivery also rose by similar margin to Rs 1,170 per quintal

Related News

today recovered by 0.52% to Rs 1,152 per quintal as speculators created fresh positions at prevailing levels amid pick up in demand at spot market.

However, record procurement of grain in the ongoing rabi marketing season on the back of record output restricted the gains.

At National Commodity and Derivatives Exchange, the July wheat traded Rs 6, or 0.52%, higher at Rs 1,152 per quintal, with an open interest of 3,000 lots.

The August delivery also rose by similar margin to Rs 1,170 per quintal, with an open interest of 19,170 lots.

Meanwhile, a record production of wheat has helped procurement of the essential staple rise by 34% to a record 36.55 million tonnes (mt) this year so far.

Read more on:   
|
|

Read More

Cardamom rises 1.23% on spot demand

Cardamom prices rose by Rs 15.20 to Rs 1,250 per kg in futures trade today as speculators enlarged their positions, supported by pick up in spot ...

Recommended for you

Advertisements

Quick Links

Market News

Cardamom down on profit-booking

Speculators booked profits at prevailing higher levels amid subdued spot demand

Silver futures gain on fresh positions

Speculators created fresh positions even as the metal weakened in overseas markets

Sensex slumps nearly 400 points, Nifty breaks 8,850

The 30-share Sensex was down over 391 points at 29,291 and the 50-share Nifty was down 115 points at 8,837

Zinc falls by 0.4% on global trend

Speculators offloaded positions amid weak cues from overseas market and subdued spot demand at domestic markets

Lead falls by 0.4% on low demand

Weakness in base metals at the LME also affected prices

 

Back to Top