Agri Business

Shortage lifts prices of quality wheat

Our Correspondent Karnal | Updated on March 10, 2011 Published on March 10, 2011

WHEAT   -  Business Line





Quality pressures lifted the prices of dara wheat variety by Rs 10-15 a quintal and ruled at Rs 1,240-1,245 a quintal against the levels of Rs 1,225-1,235 quoted at the beginning of this week.

For the finer quality, it was around Rs 1,245 a quintal on Thursday. Mill delivery was at Rs 1,240-1,245, while it traded at Rs 1,250-1,260 in the retail market.

Around 200 quintals of dara variety arrived from Uttar Pradesh, and about 100 quintals was offloaded by the local traders. Low availability of quality wheat lifted the prices of dara variety, said Mr Subhash Chander, a wheat trader. He said farmers from Uttar Pradesh, who were for the past two months going to Delhi, were bringing their stocks to mandis in Karnal after the prices gained.

Just around 130 quintals of desi wheat arrived at the Karnal grain market terminal and was quoted at Rs 2,350-2,400 a quintal. About 600 quintals of dara variety was procured from the Food Corporation of India by the flour millers on Thursday.

Flour Prices

Despite an uptrend in wheat prices, flour witnessed a steady trend and ruled at Rs 1,240 for a 90-kg bag. Branded flour such as Ashirwad and Rajdhani were quoted at Rs 210 and Rs 190 for a 10 kg bag, respectively. Chokar prices dropped marginally form their previous levels and quoted at Rs 530 for a 49-kg bag.

Published on March 10, 2011
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