Commodities

Dara rises marginally on domestic buying

Our Correspondent Karnal | Updated on July 28, 2011 Published on July 28, 2011

wheat

Dara variety rose marginally by Rs 5 to Rs 1,135 a quintal on domestic buying even as low stocks boosted prices of desi wheat on Thursday. The uptrend in prices of dara variety has continued since the beginning of this week.

New buying lifted prices of dara variety and they may remain at the current level for a few days, Mr Sewa Ram, a wheat trader, told Business Line. Stocks of desi wheat fell as traders refrained from new orders because of uncertain weather and poor demand, he added.

The 750 quintals of dara variety that arrived from Uttar Pradesh were directly offloaded at mills. While it was quoted at Rs 1,130-1,135 a quintal at mills, it traded at Rs 1,138-1,140 a quintal at the retail market.

Desi wheat varieties recovered a little after dropping earlier this week. Tohfa variety increased by Rs 20 at Rs 2,125 a quintal, Maruti went up Rs 5 to Rs 1,785 a quintal, and Kangan and A-1 varieties rose by Rs 10 each to Rs 2,010 a quintal.

Flour Prices

Flour prices, which have gone up Rs 40 in the past four days, rose further by Rs 10 to Rs 1,180 for a 90-kg bag. Chokar prices remained unchanged at Rs 490-495 for a 49-kg bag.

Published on July 28, 2011
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