Wheat recovers on spot market demand

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

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.

image
Business Standard
177 22
Business Standard

Wheat recovers on spot market demand

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

Press Trust of India  |  New Delhi 



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.

RECOMMENDED FOR YOU

Wheat recovers on spot market demand

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

Wheat futures 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.

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.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Sh.Renuka Sugar 18.10 11.04
Jindal Steel 88.15 9.71
L&T Fin.Holdings 85.10 8.55
T N Newsprint 300.40 8.02
Muthoot Finance 308.80 7.50
> More on BSE Gainers
Company Price() Chg(%)
Orissa Minerals 2343.05 14.28
Sh.Renuka Sugar 18.05 10.74
Jindal Steel 88.00 9.52
L&T Fin.Holdings 85.10 8.55
Muthoot Finance 308.80 8.01
> More on NSE Gainers
Company Price() Chg(%)
Dr Reddy's Labs 2988.40 -10.07
Lycos Internet 12.75 -7.61
M R P L 81.20 -5.80
Dish TV 93.50 -5.27
JP Power Ven. 6.23 -5.18
> More on BSE Gainers
Company Price() Chg(%)
Dr Reddy's Labs 2980.20 -10.23
M R P L 81.10 -6.35
Dish TV 93.55 -5.27
Castex Tech 15.35 -4.95
JP Power Ven. 6.20 -4.62
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard