Wheat futures edge higher by Rs 6 as demand picks up

Wheat prices were up by Rs 6 Rs 1,727 per quintal in futures trade today as speculators built up fresh positions amid pick in demand at the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery in March month rose by Rs 6, or 0.35 per cent to Rs 1,727 per quintal with an open interest of 2,850 lots.
Likewise, the wheat for delivery in far-month April contracts was trading higher by Rs 6, or 0.36 per cent to Rs 1,675 per quintal in 480 lots.
Analysts said speculative positions created by traders amid uptick in demand from flour mills in the spot market helped wheat prices to trade higher at futures trade.