Good domestic demand for flour kept dara wheat and flour prices firm on Friday.

Sewa Ram, a trade expert, told Business Line that demand for flour is keeping dara wheat firm and prices are unlikely to change much even in the next few days.

After registering a fall earlier this week, dara wheat prices have been ruling unchanged since then.

Arrivals from Uttar Pradesh have also dropped over the last couple of days. Low arrivals are also giving some support to the market, he added.

Flour mills and small atta chakkis are depending on Food Corporation of India to meet their demand. In the physical market, dara quoted at Rs 1,545-1,550 a quintal.

Around 200 quintals of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,545 while delivery at the chakki was Rs 1,550 .

On the National Commodity and Derivatives Exchange, wheat futures and spot market remained bearish on lack of buying interest. Wheat for March contracts decreased by Rs 3 and traded at 1,540 with an open interest of 3,460 lots.

April contracts traded at Rs 1,427 . While, wheat spot prices on the exchange decreased by Rs 2.5 and traded at Rs 1,510 a quintal.

Flour Prices

Good domestic demand kept flour firm and quoted at Rs 1,760-1,770.

Similarly, Chokar remained unchanged and sold at Rs 1,360-1400 a quintal.

(This article was published on March 15, 2013)
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