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The wheat market witnessed a mixed trend on Thursday. The Dara variety rose marginally, while desi wheat decreased from previous levels.
Dara is ruling firm on current levels as local stocks have dried up and the market is relying on stocks coming from Uttar Pradesh, said Mr Sewa Ram, a wheat trader. But it's unlikely to see any major uptrend in prices because of this, he added.
The Dara variety increased further by Rs 5 a quintal and quoted at Rs 1,100-1,125 a quintal.
Around 75 tonnes of dara variety arrived from the Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,115 a quintal.
On the other hand, after witnessing a steady trend, desi wheat decreased from their previous levels. The Tohfa variety and Samrat eased by Rs 50 and quoted at Rs 2,100 and Rs 1,850 a quintal, respectively. Lal Quila dropped by Rs 30 and ruled at Rs 1,840, while Rasoi sold at Rs 1,800 a quintal, Rs 20 down from the previous level.
At the National Commodity and Derivatives Exchange, wheat for October delivery increased by 8 paise to Rs 1,108.8 a quintal, it had touched a low at Rs 1,108 a quintal earlier on Thursday. At the MCX, wheat for December delivery was at Rs 1,185.4 a quintal.
Flour Prices
Following equal demand and supply in the market, flour prices continued to rule flat and quoted at Rs 1,130 for a 90-kg bag. Similarly, chokar prices remained steady and sold at Rs 580 for a 49-kg bag.
Rabi season
Wheat sowing period is commencing from October 25 and the wheat production target for the Rabi season 2011-12 has been set at 87 million tonnes.
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