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With trading being lukewarm, the prices of dara and desi wheat witnessed a downtrend and dropped marginally by Rs 5-20 a quintal on Thursday. The dara variety, despite low arrivals, witnessed a downtrend. Prices of dara wheat dropped marginally by Rs 5 a quintal and ruled at Rs 1,180 a quintal.
Only around 350 tonnes of dara variety arrived from the Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at 1,175-1,178, while it traded at Rs 1,180 at the retail market.
After witnessing a good rally in the beginning of this week, flour prices witnessed some correction. Flour prices declined by Rs 15 for a 90 kg bag on account of decrease in demand, said Mr Sewa Ram, a wheat trader. The correction was anticipated and prices may continue to rule around the current level for the next few days, he added.
Similarly, in desi wheat, thin trading pulled few varieties down by Rs 10-20. Tohfa variety remained unchanged and was quoted at Rs 2,250 a quintal. Maruti dropped by Rs 10 and ruled at Rs 1,890, Lal Quila dropped further by Rs 15 at Rs 1,935, while A-1 variety fell by Rs 20 at Rs 2,150 a quintal.
Flour Prices
Decrease in demand led flour prices down by Rs 15 and was quoted at Rs 1,235 for a 90 kg bag, against the levels of Rs 1,250 quoted in the beginning of this week. Similarly, Chokar prices dropped marginally by Rs 5 at Rs 580 for a 49 kg bag.
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