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Arrivals of new wheat started at the Karnal grain market terminal with just around 400 quintals arriving for the first time in this new season on Thursday.
As expected, there was high moisture in the crop and because of this traders were not showing much interest in buying.
Government-owned procurement agencies have not started lifting the crop as they lift only dried produce, while traders bought only around 180 quintals at a rate of Rs 1,120 a quintal, which is also the minimum support price.
To make the moisture evaporate, both the sold and unsold crop was spread out in the market.
Harvesting work is going ahead briskly and the wheat season may be on full swing from next week, said Mr Sewa Ram, a wheat trader.
Last year on April 7 around 7,000-8,000 quintals wheat arrived in the market while this year just 400 quintals have arrived, he added.
Panic has gripped the farmers as there were clouds in the sky all day which is affecting the harvesting.
In the desi wheat varieties, Tohfa variety ruled flat at around Rs 2,300 a quintal, Doodh Malai was quoted around Rs 2,300 a quintal while the Aaj Tak variety traded at Rs 2,310 a quintal.
Flour Prices
After the arrival of new wheat, flour prices dropped by Rs 20 and quoted at Rs 1,140 for a 90-kg bag against the levels of Rs 1,160 quoted at the beginning of this week. Chokar dropped by Rs 15 and ruled at Rs 540 for a 49-kg bag.
Meanwhile with trading being lukewarm, prices of aromatic and non-basmati rice ruled flat on Friday.
After witnessing a good uptrend at the beginning of this week, prices are ruling firm on current levels, said Mr Tara Chand Sharma, a rice trader. Market has not seen much buying this year as compared to the same season last year, he added.
Prices of aromatic rice have increased by Rs 80-130 while the prices of non basmati rice increased by Rs 30-60 a quintal in this week.
Pusa 1121 rice (steam) ruled at Rs 5,150-5,380 a quintal, Pusa-1121(sela) was quoted at Rs 4,150-4,360, and Pusa-1121(raw) was at Rs 5,100-5,160. Prices of duplicate basmati quoted at Rs 3,700-4,075 a quintal. Pure Basmati (Raw) was quoted at Rs 7,525 a quintal.
Brokens such as, Tibar was quoted at Rs 3,050-3,360, Dubar at Rs 2,350-2,610 and Mongra was at Rs 1,850-2,130.
Sharbati (steam) was quoted at Rs 3,030-3,080 while the Sharbati (Raw) was at Rs 2,800-2,925 a quintal.
PR-11 (sela) ruled at Rs 2,020-2,080 and PR-11(Raw) was quoted at Rs 2,000-2,150 a quintal. Permal (sela) quoted at Rs 1,650-1,940 a quintal while Permal (Raw) traded at Rs 1,800-1,910 a quintal.
For the brokens of Sharbati variety, Tibar was quoted at Rs 2,375, Dubar was at 2,100-2,140 and Mongra was at Rs 1,450.
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