Wheat futures marginally up on spot demand

New delhi; Wheat prices edged up by 0.46 per cent to Rs 1,738 per quintal in futures market today as speculators built up fresh positions amid pick up in demand at the spot market.

At the National Commodity and Derivatives Exchange, wheat for delivery in March month was trading higher by Rs 8, or 0.46 per cent, to Rs 1,738 per quintal with an open interest of 3,800 lots.

Analysts said fresh positions created by traders amid uptick in demand from flour mills in the spot market mainly contributed to the rise in wheat prices at futures trade.