The wheat market witnessed an uptrend. Buying lifted dara wheat by Rs 10-20 a quintal while desi wheat increased by Rs 20-30 on account of low stocks on Thursday.

With the weather turning favourable for the trade, buying pushed up wheat prices, said Mr Sewa Ram, a wheat trader. Arrivals have started once again and flour mills are placing orders, he added.

After dropping to its lowest level earlier this week, dara wheat recovered a little, up Rs 10-20 at Rs 1,080-1,090 a quintal.

Around 650 quintals of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,080-1,085, while it traded at Rs 1,090 a quintal at the retail market.

Similarly, after witnessing a drop, desi wheat prices went up by Rs 20-30 a quintal. Tohfa variety increased by Rs 30 and quoted at Rs 2,130 a quintal, Maruti sold at Rs 1,800 a quintal, Lal Quila recovered by Rs 25 and quoted at Rs 1,930, and Kangan traded at Rs 1,950 a quintal, up Rs 20.

At the National Commodity and Derivatives Exchange, wheat for August delivery dropped by 80 paise at Rs 1,123.4 a quintal after touching a low of Rs 1,120 a quintal earlier on Thursday.

Flour Prices

Following an uptrend in wheat prices, flour rose by Rs 10 and quoted at Rs 1,160 for a 90-kg bag. Similarly, Chokar prices went up by Rs 30 and quoted at Rs 490-500 for a 49-kg bag.

Because of heavy rainfall in the region at the beginning of this week, availability of green fodder has decreased and that led the chokar prices upwards, said Mr Ram.

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