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After witnessing good upward moves over the last 10 days, dara prices ruled firm while desi wheat continued to rule flat on Thursday.
With demand being steady for dara variety at present, prices are range-bound, said Mr Subhash Chander, a wheat trader.
In the physical market, around 65 tonnes of dara variety arrived from Uttar Pradesh. Dara at the Karnal Grain Market Terminal was quoted at Rs1,130-1,140 a quintal, mill delivery was at Rs 1,160-1,170 while delivery at chakki was at Rs 1,175-1,180.
Dara wheat prices have increased Rs 30-35 a quintal over the last 10 days.
Similarly desi wheat ruled flat. Samrat was quoted at Rs 1,880-1,885, Tohfa 2,040-2,050 while Red Rose was trading at Rs 2,200 a quintal.
On National Commodity and Derivatives Exchange, wheat for January delivery decreased Rs 2 to Rs 1,182 a quintal, it had touched a high at Rs 1,185 earlier on Thursday. Wheat for February delivery decreased Rs 4 to Rs 1,212.
Flour Prices
Despite a steady trend in wheat, flour prices increased marginally Rs 5 and sold at Rs 1,165-1,175 for a 90-kg bag. On the other hand, Chokar prices continued to rule flat and sold at Rs 650-655 for a 49-kg bag.
Wheat and weather conditions
Around 1.70 lakh hectares area of Karnal district is under wheat crop currently, and bumper production is expected this season as prevailing cold weather conditions are beneficial for the wheat crop. It increases tillering of the crop and ensures an increase in yield, said Dr Randhir Singh, Senior Scientist, Directorate of Wheat Research.
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