With trading being lukewarm, the wheat market witnessed a mixed trend on Tuesday.

Prices of dara variety witnessed a downtrend while desi wheat managed to maintain their previous levels.

Sluggish domestic demand against ample stocks led to a marginal drop of Rs 5-10 a quintal in dara wheat prices, said Mr Sewa Ram, a wheat trader.

Despite low arrivals of dara and no arrivals of desi wheat, market is not moving upwards, he added. Market may continue to rule around the current levels this week, said Mr Ram.

Dara variety was quoted at Rs 1,150-1,160 a quintal. Just around 200 quintals of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,150 while it traded at Rs 1,160 a quintal at the retail market.

In desi wheat, prices of desi wheat varieties continued to rule flat. Tohfa variety quoted at 2,200 a quintal, Maruti sold at Rs 1,810, Lal Quila was at Rs 1,910, while A-1 variety quoted at Rs 2,060 a quintal. With not much trading in the market, desi wheat varieties are ruling flat, said Mr Ram.

Flour Prices

Following a down trend in wheat, flour prices decreased by Rs 10 and quoted at Rs 1,150 for a 90 kg bag. On the other hand, some buying lifted chokar prices by Rs 10 and quoted at Rs 490 for a 49-kg bag.

comment COMMENT NOW