Commodities

Wheat turns dearer on low arrivals

Our Correspondent Karnal | Updated on June 09, 2011 Published on June 09, 2011

BL10_COM2_WHEAT

Lower arrivals pushed up wheat prices on Thursday by Rs 10-25 a quintal for the dara and desi varieties.

About 150 tonnes of dara variety arrived from Uttar Pradesh. Mill delivery was at Rs 1,180 a quintal, while it traded at Rs 1,185 in the retail market.

Mr Sewa Ram, a wheat trader, told Business Line that fresh local demand for flour and low arrivals had lifted wheat prices. The demand for flour was unexpected and prices may not sustain at current levels for long, he said.

Similarly, low arrivals were the prime cause for the uptrend in desi wheat — about 110 tonnes of desi varieties arrived from Madhya Pradesh.

Tohfa variety rose further by Rs 10 and quoted at Rs 2,220 a quintal while Bhojan King increased by Rs 15 and quoted at Rs 2,125 a quintal. Lal Quila rose by Rs 25 to Rs 1,975 a quintal while amrit bhog went up by Rs 20 and traded at Rs 2,170 a quintal.

Flour Prices

Fresh demand pushed up flour prices by Rs 15, quoting at Rs 1,205 for a 90-kg bag as against the Rs 1,190 quoted early this week. On the other hand, after a drop earlier this week, Chokar prices ruled steady at Rs 580-585 for a 49-kg bag.

Published on June 09, 2011
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