Wheat futures rise 0.80% on speculative buying
Wheat prices surged by 0.80 per cent to Rs 2,020 per quintal in futures trade today as speculators made fresh bets.
At the National Commodity and Derivatives Exchange, wheat for delivery in September shot up by Rs 16, or 0.80 per cent, to Rs 2,020 per quintal with an open interest of 3,140 lots.
Similarly, the wheat for October gained by Rs 10, or 0.49 per cent, to Rs 2,032 per quintal in 680 lots.
Analysts attributed rise in wheat futures to fresh positions created by traders amid pause in arrivals from growing regions.
Disclaimer: No Business Standard Journalist was involved in creation of this content