Agri Business

Lack of quality produce lifts wheat

Our Correspondent Karnal | Updated on January 28, 2011

Harvested wheat being threshed near Panipat in Haryana. — Photo: Kamal Narang   -  Business Line

Prices of seed-wheat quality rose Rs 30 a quintal to Rs 1,330 in the open market on demand for quality wheat, said Mr Sewa Ram, a wheat trader, against Rs 1,300 at the beginning of this week. Around 300 quintals of seed wheat were offloaded by the local traders.

Prices of the dara variety ruled around Rs 1,270-1,290 a quintal, while the price at retail outlets was at Rs 1,295 a quintal. Though flour mills are procuring stocks from the Food Corporation of India, the quality of the stock is not good enough to match up to the demands of the domestic consumers, said wheat traders. Traders expect the prices to witness a rally after FCI supplies stop, he added.

Prices of Bhojan King, desi wheat, rose by Rs 50 and quoted at Rs 2,400 a quintal against Rs 2,350 quoted at the beginning of this week; Aaj Tak quoted at Rs 2,300 and Nokia at Rs 2,350. There were no arrivals from Madhya Pradesh, and there is a good demand for Tohfa variety, but stocks are not available, said Mr Ram.

Flour prices

Flour prices continued to witness a downtrend dropping marginally by Rs 5 for a 90-kg bag and quoted at Rs 1,310. Chokar prices, on the other hand, continued their uptrend to rise by Rs 5, ruling at Rs 615 for a 49-kg bag.

Published on January 27, 2011

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