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Wheat market continued to tumble on account of sluggish demand. Prices of dara wheat variety dropped by Rs 15-25 a quintal and ruled at Rs 1,260-1,270 a quintal against Rs 1,285 levels it quoted at the beginning of this month.
For the finer quality it was around Rs 1,280 a quintal, while the seed variety was around Rs1,300-1,310. In Delhi market, wheat was ruling around the levels of Rs 1,340 a quintal.
Mr Subhash Chander, a wheat trader, told Business Line that the market may continue to witness the slackness. With the start of April month, new wheat of Haryana will be in the market while the produce of Madhya Pradesh will hit the market by February end, he added. There is not much demand of dara variety and traders are not interested in buying of desi wheat at present, he said.
Desi wheat is out of stock and traders are offloading their stocks of dara variety quickly as they have to nil their stocks before March 31. Around 300 quintals stock of dara variety was offloaded by the local stockiest, on Thursday.
Flour prices
With the fall in wheat prices, flour prices dropped by Rs 15 for a 90-kg bag and quoted at Rs 1,290 against the levels of Rs 1,305 quoted two days back. The Chokar prices, witnessed a steady trend, and ruled at Rs 610 for a 49-kg bag.
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