Commodities

Buyers avoid high moisture wheat

Our Correspondent Karnal | Updated on April 11, 2011

WHEAT





Wheat arrivals at the Karnal grain market terminal remained sluggish and only 300 tonnes arrived on Monday. Unstable weather is hindering harvest and moisture in the harvested produce is high. Due to this there are not many buyers in the market, said Mr Tara Chand Sharma, a wheat trader.

Around 5,000 quintals arrived in the last three days and just around 500 quintals were procured by the DFC, government-owned procurement agency.

High moisture in the crop is a prime reason behind the low buying. According the guidelines, moisture level should be around 12 to13 per cent but the moisture level in the crop is around 15 per cent, said Mr Sharma.

Farmers have spread their produce out in the mandis for drying and have been advised to bring back the produce with lower moisture.

They have started harvesting through combines as there were clouds in the sky and they did not want to take chances with the matured crop, he added.

New wheat was quoted at Rs 1,120 a quintal, which is also the minimum support prices, and PBW17 and 711 were the varieties that arrived in the market.

In the desi wheat varieties, with not much trading in the market, prices continued to rule flat.

Tohfa variety was at around Rs 2,300 a quintal, Doodh Malai was quoted around Rs 2,300 a quintal while the Aaj Tak variety traded at Rs 2,300 a quintal.

Flour Prices

Flour prices continued to witness the downtrend, dropped by Rs 5 and quoted at Rs 1,135 for a 90-kg bag. On the other hand, Chokar ruled flat at Rs 540 for a 49-kg bag.

Published on April 11, 2011

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