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Wheat witnessed a mixed trend on Tuesday.
After ruling below the minimum support price last weekend, dara variety did some recovery while the prices of desi wheat varieties went down on account of low buying.
Around 500 quintals of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Dara wheat prices increased by Rs 20-30 a quintal. Mill delivery was at Rs 1,120-1,130 while the commodity traded at Rs 1,135 a quintal at retail market.
Due to domestic demand, dara recovered a little, said Mr Subhash Chander, a wheat trader.
Wheat prices had dropped by Rs 50 last week due to the arrivals of the stock of BPL card-holders. But now the stock is getting exhausted and prices are moving up, he added.
Traders expect Dara to touch Rs 1,160-1,170 a quintal in the beginning of August, said Mr Subhash.
Low buying pulled desi wheat down by Rs 20-70 a quintal. Tohfa variety went down by Rs 70 and was quoted at Rs 2,105 a quintal. Maruti decreased by Rs 20 and was sold at Rs 1,780 a quintal. Kangan was at Rs 2,000, while A-1 variety eased by Rs 40 and sold at Rs 2,000 a quintal.
Flour Prices
With an uptrend in wheat, flour price went up by Rs 30 and was quoted at Rs 1,170 for a 90-kg bag. Similarly, Chokar prices rose by Rs 5-10 and were sold at Rs 490-495 for a 49-kg bag.
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