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Wheat futures rise 0.30% on spot demand

At the National Commodity and Derivatives Exchange, wheat for delivery in September rose by Rs 6, or 0.30 per cent, to Rs 1,995 per quintal with an open interest of 2,220 lots.


PTI 30 Jul 2018, 07:02 AM India
  • Wheat prices edged up by 0.30 per cent to Rs 1,995 per quintal in futures trade today as speculators built up fren uptick in demand in the spot market. (Image Credit: Wikipedia)

Wheat prices edged up by 0.30 per cent to Rs 1,995 per quintal in futures trade today as speculators built up fresh positions amid an uptick in demand in the spot market.

At the National Commodity and Derivatives Exchange, wheat for delivery in September rose by Rs 6, or 0.30 per cent, to Rs 1,995 per quintal with an open interest of 2,220 lots.

On similar lines, the wheat for delivery in August contracts was trading higher by Rs 4, or 0.20 per cent, to Rs 1,974 per quintal in 5,980 lots.

Analysts said fresh positions created by traders on the back of improved demand in the physical market and a pause in arrivals from producing belts helped wheat prices to trade higher in futures trade.

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


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