Lukewarm demand in the domestic market has brought down wheat prices by Rs 10-20 a quintal in the last two days. Dara wheat prices ruled at Rs 1,225-1,235 a quintal against the levels of Rs 1,240-1,245 a quintal last weekend. For the finer quality, it was around Rs 1,240 a quintal. Mill delivery was quoted at Rs 1,225-1,235, while it traded at Rs 1,245-1,250 a quintal in the retail market on Tuesday.
Around 18 tonnes of dara variety arrived from Uttar Pradesh. Following the stable demand and supply, prices of Desi wheat continued to rule flat. Around 15 tonnes of Desi wheat arrived at the Karnal grain market terminal and ruled at Rs 2,350-2,400 a quintal.
There is not much buying in the market as traders await the new crop. It is expected to arrive in the market from the first week of April, said Mr Mohan Lal, GG Agro Foods. As the harvesting is likely to start, tenders have been called by the Haryana administration to manage all the procurement, labour and transportation activities for the rabi and kharif season 2011-2012.
Flour Prices
With a downtrend in wheat prices, flour dropped by Rs 20 and ruled at Rs 1,220 for a 90-kg bag against the levels of Rs 1,240 quoted last weekend. Sluggish domestic demand pulled the prices down, said Mr Mohan Lal. Branded flour such as Lal quila was at Rs 150 for a 10-kg bag while Ashirwad and Rajdhani were quoted at Rs 210 and Rs 190 for a 10-kg bag, respectively. On the other hand, some buying lifted Chokar prices by Rs 20 from their previous levels and it was quoted at Rs 550 for a 49-kg bag.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.