Wheat prices went up by 0.92 per cent to Rs 1,639 per quintal in futures trade today as speculators enlarged positions amid pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, wheat for delivery in far-month August rose Rs 15, or 0.92 per cent to Rs 1,639 per quintal with an open interest of 6,620 lots.
Likewise, the wheat for delivery in July contracts traded higher by Rs 13, or 0.81 per cent to Rs 1,618 per quintal in 20,590 lots.
Analysts said widening of positions by traders owing to pick up in demand from flour mills in the spot market, mainly led to rise in wheat prices at futures trade.
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