Associate Sponsors

Co-sponsor

Wheat futures remain up, gain 0.52% on spot demand

Image
Press Trust of India New Delhi
Last Updated : Feb 16 2017 | 11:32 AM IST
Wheat prices rose further by 0.52 per cent to Rs 1,735 per quintal in futures market today as speculators built up fresh positions amid uptick in demand at the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery in March traded higher by Rs 9, or 0.52 per cent, to Rs 1,735 per quintal, with an open interest of 3,660 lots.
Analysts said widening of positions by speculators amid pick up in demand from flour mills in the spot market kept wheat prices higher at futures trade.

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

More From This Section

First Published: Feb 16 2017 | 11:32 AM IST

Next Story