Agri Business

Wheat dips on thin trading

Nitish Sharma Karnal | Updated on March 02, 2011

wheat1

Thin trading pulled the prices of dara wheat variety down by Rs 10-20 and ruled at Rs 1,230-1,240 a quintal against the levels of 1,250 quoted last weekend. For the finer quality, it was around Rs 1,250 a quintal on Tuesday.

Sluggish domestic demand and uncertain weather had affected wheat trading, said Mr Subhash Chander, a wheat trader. If the weather becomes favourable, new crop will be in the market in the first week of April month, he added.

With sudden changes in weather, the crop has been affected by the yellow rust and it will also affect the expected production, said Mr Subhash.

Just around 100 quintals of Desi wheat arrived and was quoted at Rs 2,400 a quintal. Adequate stocks of desi wheat will be available in the market in next few days, said market sources.

Around 600 quintals of Dara variety was procured from the Food Corporation on India by the flour millers on Tuesday.

Flour Prices

With the decline in wheat prices, flour prices dropped by Rs 10 and quoted at Rs 1,250 for a 90-kg bag against the levels of Rs 1,260 quoted last weekend. Chokar prices dropped too and ruled firm at Rs 530 for a 49-kg bag.

Published on March 01, 2011

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