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Wheat futures extend gain, up 0.74% on increased demand

Press Trust of India  |  New Delhi 

Rising for the second day, wheat prices advanced by 0.74 per cent to Rs 1,637 per quintal in futures market today as speculators enlarged positions, driven by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, wheat for delivery in August rose by Rs 12, or 0.74 per cent to Rs 1,637 per quintal with an open interest of 350 lots.



Likewise, the wheat for delivery in July contracts edged up by Rs 2, or 0.12 per cent to Rs 1,620 per quintal in 25,100 lots.

Analysts said widening of positions by speculators, driven by rising demand from flour mills in the physical market, mainly kept wheat prices higher.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Wheat futures extend gain, up 0.74% on increased demand

Rising for the second day, wheat prices advanced by 0.74 per cent to Rs 1,637 per quintal in futures market today as speculators enlarged positions, driven by rising demand in the spot market. At the National Commodity and Derivatives Exchange, wheat for delivery in August rose by Rs 12, or 0.74 per cent to Rs 1,637 per quintal with an open interest of 350 lots. Likewise, the wheat for delivery in July contracts edged up by Rs 2, or 0.12 per cent to Rs 1,620 per quintal in 25,100 lots. Analysts said widening of positions by speculators, driven by rising demand from flour mills in the physical market, mainly kept wheat prices higher. Rising for the second day, wheat prices advanced by 0.74 per cent to Rs 1,637 per quintal in futures market today as speculators enlarged positions, driven by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, wheat for delivery in August rose by Rs 12, or 0.74 per cent to Rs 1,637 per quintal with an open interest of 350 lots.

Likewise, the wheat for delivery in July contracts edged up by Rs 2, or 0.12 per cent to Rs 1,620 per quintal in 25,100 lots.

Analysts said widening of positions by speculators, driven by rising demand from flour mills in the physical market, mainly kept wheat prices higher.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Wheat futures extend gain, up 0.74% on increased demand

Rising for the second day, wheat prices advanced by 0.74 per cent to Rs 1,637 per quintal in futures market today as speculators enlarged positions, driven by rising demand in the spot market.

At the National Commodity and Derivatives Exchange, wheat for delivery in August rose by Rs 12, or 0.74 per cent to Rs 1,637 per quintal with an open interest of 350 lots.

Likewise, the wheat for delivery in July contracts edged up by Rs 2, or 0.12 per cent to Rs 1,620 per quintal in 25,100 lots.

Analysts said widening of positions by speculators, driven by rising demand from flour mills in the physical market, mainly kept wheat prices higher.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22