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Over 1.25 lakh bags of wheat arrived at the Karnal grain market terminal on Thursday but due to high moisture level, most of the arrivals remained unsold.
New wheat was quoted at Rs 1,285 a quintal, the minimum support price fixed by the Union Government, and 343 and 117 were the varieties that arrived in the market.
On the other hand, low stocks kept desi wheat firm. Tohfa, a desi wheat variety, ruled firm and quoted at Rs 2,280 a quintal, up Rs 10 from previous level. Stocks of desi wheat are almost over and new stocks are likely to arrive within the next one week, said market sources.
On the National Commodity and Derivatives Exchange, wheat for April delivery decreased by Rs 6 to Rs 1,179, it had touched a low at Rs 1,172 earlier on Thursday. May delivery, on the exchange, decreased by Rs 12 to Rs 1,204.
Flour Prices
Flour prices continued to rule flat and quoted at Rs 1,285 for a 90-kg bag. Branded flour such as Shakti Bhog and Ashirwad were quoted at Rs 200 and Rs 215 for a 10 kg bag, respectively. Similarly, Chokar prices remained unchanged after witnessing a fall earlier this week and sold at Rs 600 for a 49-kg bag
Procurement in Punjab
Government agencies and private millers procured more than 1.74 lakh tonnes of wheat till April 18. Out of total procurement, 1.73 lakh tonnes in all the procurement centres of Punjab, Government agencies procured 1,73,053 tonnes of wheat (99.9 per cent) till date whereas private traders procured 179 tonnes (0.1 per cent) of wheat.
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