Commodities

Wheat prices strengthen on higher offtake

PTI New Delhi | Updated on November 15, 2017 Published on January 14, 2012

wheat

Wheat prices strengthened at the wholesale market here this week on increased offtake by flour mills to meet the marriage season demand.

However, bajra eased on sluggish demand from consuming industries against adequate stocks position.

Traders said increased offtake by flour mills to meet the rising demand mainly strengthened wheat prices. They said, however, adequate stocks position against subdued demand, led to a fall in bajra prices.

In the national capital, wheat dara (for mills) and wheat (deshi) advanced by Rs 20 and Rs 25 to Rs 1,240-1,250 and Rs 1,675-1,875 per quintal, respectively. Atta chakki delivery followed suit and added Rs 15 to Rs 1,250-1,255 per 90 kg.

Atta flour mills and maida also moved up by Rs 25 and Rs 10 to Rs 640-660 and Rs 690-710 per 50 kg respectively in line with a wheat trend. On the other hand, bajra fell Rs 30 to Rs 1,000-1,005 per quintal due to sluggish demand.

However, in the rice section, basmati common and Pusa-1121 variety ended flat at Rs 4,200-4,300 and Rs 3,500-4,100 per quintal respectively on adequate stocks supplies.

Meanwhile, state-run agencies procured 186.7 lakh tonne of rice in the kharif marketing season 2011-12 (October-September), up nearly 13 per cent over that in the same period last year.

Published on January 14, 2012
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