Wheat prices shot up by 1.42 per cent to Rs 1,780 per quintal in futures market today as speculators made fresh bets.
At the National Commodity and Derivatives Exchange, wheat for delivery in far-month June jumped by Rs 25, or 1.42 per cent to Rs 1,780 per quintal with an open interest of 1,980 lots.
Likewise, the wheat for delivery in May contract was trading higher by Rs 17, or 0.98 per cent to Rs 1,755 per quintal in 2,180 lots.
Analysts said fresh positions created by traders due to improved demand in the physical market amid a pause in arrivals from producing belts influenced wheat prices at futures trade.
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