The wheat market has witnessed a mixed trend since beginning the week. Prices of the dara variety remained unchanged, while desi wheat witnessed some correction on Thursday.

With demand being low for the dara variety in the market at present, prices are range-bound, said Mr Sewa Ram, a wheat trader. Dara prices have been ruling between Rs 1,185 and Rs 1,210 since May 4. In order to maintain prices, traders are buying in line with the orders that they get, said Mr Ram.

Traders expect that prices may recover from June as arrivals will end and the demand for wheat and wheat products increases for the festival season starting from August.

Around 480 tonnes of dara variety arrived from Uttar Pradesh and stocks were directly offloaded at the mills. Mill delivery was at Rs 1,200 a quintal, while it traded at Rs 1,210 in the retail market.

High arrivals pulled the prices of desi wheat down. Around 220 tonnes of different varieties of desi wheat arrived from Madhya Pradesh.

The Tohfa variety decreased by Rs 15 and ruled at 2,200-2,235 a quintal while Nokia traded at Rs 2,055 a quintal. With constant demand and supply, flour prices ruled flat and quoted at Rs 1,210 for a 90-kg bag. On the other hand, chokar prices rose further by Rs 10 to Rs 590 for a 49-kg bag.

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