Commodities

Wheat arrivals drop on cold weather

Our Correspondent Karnal | Updated on January 05, 2011 Published on January 05, 2011

BL05_COM2_WHEAT





The wheat market witnessed a mixed trend as the prices of Dara variety rose marginally, and the Desi wheat variety witnessed a steady trend on Tuesday

The dara variety ruled between Rs 1,240-1,250 a quintal. The price at retail outlets ruled at around Rs 1,255-1,265 a quintal, and for fine the quality it was around Rs 1,270 a quintal.

Mr Sewa Ram, a wheat trader, told Business Line that weather is getting colder and arrivals may drop further leading to a price rise in Dara variety. Around 220 quintals of Dara variety were offloaded at the flour mills in Karnal on Tuesday.

In restricted activity, prices of Desi wheat ruled firm. Prices of the Bhojan King was quoted at Rs 2,400 a quintal, Aaj Tak at Rs 2,300 and Nokia at Rs 2,350.

Despite an uptrend in wheat, flour prices ruled flat. Flour prices were quoted at Rs 1,260 for a 90kg bag. Similarly, Chokar prices ruled steady and was quoted at Rs 600 for a 49-kg bag.

Weather effect

The cold weather is boosting the expectations of higher wheat production as the weather conditions are favourable for wheat crop and it would help in raising the crop's yield, said wheat experts.

Haryana and Punjab are the main wheat producers where this year wheat has been sown on an area of 24.65 lakh hectares and 35 lakh hectares, according to reports.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 05, 2011
This article is closed for comments.
Please Email the Editor