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Dara wheat prices continued to tumble on account of low buying in the market. Prices of Dara variety dropped by Rs 20-25 a quintal while prices of desi wheat ruled with marginal changes, on Tuesday.
Mr Subhash Chander, a wheat trader, told Business Line that farmers have started harvesting in few regions of the State. They are doing the harvesting work manually at present and may use machines in the second week of the April, he added.
As this is the end of the financial year, there are no new orders, said Mr Subhash. With not much demand for flour and wheat, there were no wheat arrivals from Uttar Pradesh on Tuesday.
The Dara variety ruled at Rs 1,170-1,175 a quintal against last weekend levels of around Rs 1,200 a quintal. For the finer quality, it was around Rs 1,185 a quintal. Mill delivery was at around Rs 1,175-1,780 while it traded at Rs 1,185-1,188 a quintal in the retail market.
In the desi wheat varieties, Tohfa dropped by Rs 10 to Rs 2,350-2,370 a quintal, Doodh Malai was quoted Rs 2,315 a quintal while Aaj Tak traded at Rs 2,340 a quintal.
Flour Prices
Following the drop in wheat prices, flour prices decreased by Rs 30-40 in last two days and quoted at Rs 1,170 for a 90-kg bag against the levels of 1,200-1,210 quoted last weekend. On the other hand, some buying lifted the Chokar prices by Rs 10 to Rs 540 for a 49-kg bag.
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