Wheat futures edge higher 0.30% on speculative buying

Wheat prices inched up by 0.30 per cent to Rs 1,696 per quintal in futures market today as speculators built up fresh bets.

At the National Commodity and Derivatives Exchange, wheat for delivery in May was trading higher by Rs 5, or 0.30 per cent to Rs 1,696 per quintal with an open interest of 2,010 lots.

Analysts said fresh positions created by traders due to improved demand in the physical market amid a pause in arrivals, influenced wheat prices in futures trade.