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Dara wheat increased on Thursday as some buying emerged, while desi wheat continued to rule flat on account of slack trading. After ruling flat for almost six days, the dara variety went up by Rs 10 and quoted at Rs 1,100 a quintal.
Domestic demand pushed dara wheat prices up, said Mr Sewa Ram, a wheat trader. Traders said that if the weather remains favourable prices may increase further, he said.
Wheat arrivals have started once again, around 70 tonnes of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills, while around 35 tonnes were offloaded by the local stockists.
On the other hand, with not much trading in desi wheat varieties, prices of desi wheat continued to rule firm on their previous level. Tohfa variety quoted at Rs 2,130-2,150 a quintal, Maruti ruled around Rs 1,800 a quintal, Lal Quila was at Rs 1,930, while Kangan sold at Rs 1,930-1,970 a quintal. On the National Commodity and Derivatives Exchange, wheat for September delivery dropped by Rs 9.20 to Rs 1,147 a quintal after touching Rs 1,159 a quintal earlier on Thursday.
Flour Prices
Despite an uptrend in wheat, flour remained unchanged and sold at Rs 1,160 for a 90-kg bag. Chokar prices rose marginally by Rs 5 and quoted at Rs 505 for a 49-kg bag
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