Wheat rules flat on supply-demand match

Nitish Sharma Karnal | Updated on October 26, 2012


The wheat market ruled flat with all varieties maintaining their previous levels on Friday. Satish kumar, a wheat trader, told Business Line that since the demand matched supply, prices were unchanged.

In the physical market, around 55 tonnes of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills.

Mill delivery was at Rs 1,490-1,495 a quintal; chakki was Rs 1,500. Similarly, desi wheat varieties ruled flat on steady demand and quoted between Rs 2,050 and Rs 2,200.

There was no trading on the NMDCE and MCE on Friday in the morning session.

Flour prices continued to rule flat at Rs 1,490 for a 90-kg bag; Chokar remained flat at Rs 670 for a 49-kg bag.

Published on October 26, 2012

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