Buying by flour mills coupled with limited arrivals pushed up flour and dara wheat prices, while desi wheat remained unchanged on Friday.

Mills bought more as demand is up due to festivals, said wheat trader Sewa Ram.

Prices will remain around current levels for the next few days, he added.

After ruling flat for almost 12 days, dara wheat was up Rs 30 to Rs 1,520-1,530 a quintal, while flour traded at Rs 1,700 a quintal, Rs 20 up.

arrivals

In the physical market, around the 55 tonnes of dara variety that arrived from Uttar Pradesh were directly offloaded at the mills. Mill delivery was at Rs 1,520-1,525 a quintal, while delivery at the chakki was Rs 1,530 a quintal.

On the other hand, desi varieties remained unchanged on slack trading and quoted at Rs 2,050-2,200 a quintal.

On the National Commodity and Derivatives Exchange, wheat for November delivery decreased by Rs 5 at Rs 1,583 a quintal; it had touched a high of Rs 1,593 a quintal earlier in the day. December contracts were down Rs 9 to Rs 1,591 a quintal. Spot wheat on the exchange traded at Rs 1,550 a quintal.

Flour Prices

Flour prices were up Rs 20 at Rs 1,700 for a quintal. Chokar gained Rs 10 at Rs 1,285 for a quintal.

The State Trading Corporation has issued a global tender to export 1.5 lakh tonnes of wheat between December 25 and January 15.

(This article was published on November 2, 2012)
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