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Wheat futures rise 0.66 pc on speculative buying

Press Trust of India  |  New Delhi 

Wheat prices moved up by 0.66 per cent to Rs 1,986 per in futures trade today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, wheat for delivery in August month went up by Rs 13, or 0.66 per cent to Rs 1,986 per with an open interest of 4,450 lots.

On similar lines, the wheat for delivery in September contracts edged up by Rs 5, or 0.25 per cent to Rs 1,990 per in 2,990 lots.

Analysts said fresh positions created by traders following improved demand in the physical market and a pause in arrivals from producing belts mainly led to the rise in wheat prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 12:05 IST