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 ...

Quick Links

 

Market News

NCDEX reduces rental charges of warehouses

Will be applicable from 1 November

RBI lifts curbs on share purchase of ING Vysya Bank by FIIs

FIIs held 27.81% shares in the bank as of quarter ended September 30, 2014

Sesa Sterlite stock falls 3% on weak Q2 performance

Slow commissioning of projects with low return potential has been affecting the company's performance, say analysts

Banks, auto stocks top contributors in Sensex rally

Four stocks each from banking and auto sectors, information technology major Infosys and Cipla have collectively contributed nearly 470 points ...

Sensex ends at record closing high on Fed optimism, Realty reforms

The Sensex and the Nifty hit fresh record highs on Fed optimism about the US economy while the norms for FDI in construction also boosted ...

Back to Top