Wheat futures surge 2.34 pc on export demand hopes
At NCDEX, wheat for delivery in March spurted by Rs 34, or 2.34 pc to Rs 1,485 per quintal in an open interest of 6,020 lots.
By PTI |
NEW DELHI: Wheat prices rose sharply by 2.34 per cent to Rs 1,485 per quintal in futures trade today after speculators created huge positions one expectations of a rise in export demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in March spurted by Rs 34, or 2.34 per cent to Rs 1,485 per quintal in an open interest of 6,020 lots.
The wheat for delivery in February gained Rs 30, or 1.97 per cent, to Rs 1,550 per quintal, having an open interest in 7,670 lots.
Marketmen attributed the rise in wheat prices at futures trade to speculative positions built-up by participants on hopes that export demand may rise following a recent surge in prices in global markets.
At the National Commodity and Derivatives Exchange, wheat for delivery in March spurted by Rs 34, or 2.34 per cent to Rs 1,485 per quintal in an open interest of 6,020 lots.
The wheat for delivery in February gained Rs 30, or 1.97 per cent, to Rs 1,550 per quintal, having an open interest in 7,670 lots.
Marketmen attributed the rise in wheat prices at futures trade to speculative positions built-up by participants on hopes that export demand may rise following a recent surge in prices in global markets.
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