A sudden demand for flour pushed up its prices as well as that of dara wheat on Friday. Prices of desi wheat varieties remained unchanged on Friday.
The demand for flour usually remains low at this time of the year, Mr Sewa Ram, a wheat trader, said. Traders expect flour prices to improve further by Rs 5-10 for a 90 kg bag while dara prices to rule firm on current levels for the next few days.
The dara variety improved by Rs 10 to Rs 1,200-1,205 a quintal.
Around 50 tonnes of the variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,200 a quintal while delivery at chakki was at Rs 1,205 a quintal.
On the other hand, after witnessing a fall earlier this week, prices of desi wheat varieties managed to maintain previous levels. The Tohfa variety ruled at Rs 2,235 a quintal; Bhojan King was quoted at Rs 2,120 while the “Nokia” variety traded at 2,070 a quintal. Demand for desi wheat varieties have been low this year in the region, said Mr Sewa Ram.
On the National Commodity and Derivatives Exchange, wheat for July delivery increased by Rs 4 to Rs 1,145 a quintal. It had touched a high at Rs 1,147 earlier on Friday. August contracts on the exchange increased by Rs 5 to Rs 1,164 a quintal.
Following an increase in demand, flour prices went up by Rs 30 and quoted at Rs 1,230 for a 90-kg bag. After ruling firm for almost 20 days, Chokar prices eased marginally by Rs 10 and sold at Rs 640-650 for a 49-kg bag.
Keywords: wheat rates