Wheat futures climb 2.50 pc on upsurge in demand

Image
Press Trust of India New Delhi
Last Updated : Dec 09 2016 | 4:42 PM IST
Wheat prices surged by 2.50 per cent to Rs 2,052 per quintal in futures market today as speculators built up fresh positions driven by upsurge in demand at the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery in December shot up by Rs 50, or 2.50 per cent to Rs 2,052 per quintal with an open interest of 6,520 lots.
On similar lines, wheat for delivery in far-month January traded higher by Rs 30, or 1.51 per cent to Rs 2,012 per quintal in 4,120 lots.
Analysts said speculative positions created by traders amid pick-up in demand from flour mills in the spot market helped wheat prices to trade higher at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 09 2016 | 4:42 PM IST

Next Story