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Wheat futures rise 0.91% on speculative buying

Press Trust of India  |  New Delhi 

Wheat prices jumped up by 0.91 per cent to Rs 1,878 per in futures market today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, wheat for delivery in July rose by Rs 17, or 0.91 per cent, to Rs 1,878 per with an open interest of 3,470 lots.

Similarly, the wheat for delivery in August contracts was trading higher by Rs 17, or 0.91 per cent, at Rs 1,895 per in 5,760 lots.

Analysts said fresh positions created by traders after the uptick in demand in the physical market and a pause in arrivals from producing belts influenced 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: Mon, July 09 2018. 11:50 IST