Buying pushed Dara wheat prices up while desi wheat varieties managed to maintain their previous levels amid slack buying on Friday.

Fall in supply against the frantic buying by the flour mills pushed dara prices up, said Mr Satish Kumar, a wheat trader. Market may continue to rule around current levels for next few days, he added.

In the physical market, dara prices increased by Rs 10 and quoted between Rs 1,300-1,310 a quintal. Around 50 tonnes of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,300-1,305 a quintal while delivery at the chakki was at Rs 1,310 a quintal.

On the other hand, desi wheat managed to maintain their prices on account of low stocks. Tohfa sold at Rs 1,980 a quintal, Bhojan King quoted at Rs 2,070, while the Nokia variety traded at 2,000 a quintal.

On the National Commodity and Derivatives Exchange, wheat for September delivery increased by Rs 29 to Rs 1,422 a quintal, it had touched a high at Rs 1,425 a quintal earlier on Friday. October contracts went up by Rs 24 to Rs 1,444 a quintal. Spot wheat prices on the exchange ruled at Rs 1,362.5 a quintal.

Flour Prices

Following an uptrend in wheat prices, flour prices improved by Rs 5 and quoted at Rs 1,310 for a 90-kg bag. On the other hand, Chokar remained unchanged and sold at Rs 620 for a 49-kg bag.

(This article was published on August 17, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.