Buying pushed Dara wheat prices up while desi wheat varieties managed to maintain their previous levels amid slack buying on Tuesday.
Fall in supply against the frantic buying by the flour mills pushed dara prices up, said Mr Sewa Ram, a wheat trader. Market may continue to rule around current levels for next few days, he added.
The Dara variety went up by Rs 5 a quintal and quoted at Rs 1,115-1,130 a quintal.
Around 70 tonnes of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,115 a quintal while delivery at chakki was at Rs 1,125-1,130 a quintal.
On the other hand, desi wheat prices remained almost unchanged on account of low trading. Tohfa variety ruled at Rs 2,100, Samrat quoted at Rs 1,850 a quintal, Lal Quila ruled at Rs 1,840 while Rasoi sold at Rs 1,800 a quintal. Following slack demand, traders are not placing new orders, said Mr Ram.
At the National Commodity and Derivatives Exchange, wheat for October delivery decreased by Rs 5.2 to Rs 1,080.2 a quintal on Tuesday. At the MCX, wheat for December delivery was at Rs 1,185.4 a quintal.
Flour Prices
Following an uptrend in wheat prices, flour prices improved by Rs 10 and quoted at Rs 1,130-1,140 for a 90-kg bag. Similarly, Chokar prices went up by Rs 10 and sold at Rs 580-590 for a 49-kg bag.
Keywords: Dara variety
