Wheat futures rise 0.80% to Rs 2020 per quintals on speculative buying

Wheat prices surged by 0.80 percent to Rs 2,020 per quintal in futures trade today as speculators made fresh bets.

At the National Commodity and Derivatives Exchange, wheat for delivery in September shot up by Rs 16, or 0.80 percent, to Rs 2,020 per quintal with an open interest of 3,140 lots.

Similarly, the wheat for October gained by Rs 10, or 0.49 percent, to Rs 2,032 per quintal in 680 lots.

Analysts attributed the rise in wheat futures to fresh positions created by traders amid a pause in arrivals from growing regions.

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