Commodities

Dara strengthens; desi flat

Our Correspondent Karnal | Updated on October 11, 2011

dhara

The prices of dara wheat increased on Tuesday on some buying interest, while that of desi wheat remained almost unchanged on account of slack trading.

After witnessing a decline last weekend, the dara variety recovered a bit, increasing by Rs 15-20 a quintal to quote at Rs 1,115-1,120 a quintal against Rs 1,230 in the corresponding period last year.

Dara wheat is ruling at around Rs 110 a quintal below the levels in the corresponding period last year.

Its prices are unlikely to see any major uptrend from here on. Earlier, it was expected that the market would strengthen this month October, but now it is expected to touch levels of only Rs 1,150 a quintal, said Mr Sewa Ram, a wheat trader.

Around 70 tonnes of dara variety arrived from the Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,115 a quintal.

On the other hand, despite no fresh arrivals, desi wheat varieties ruled flat. Tohfa variety quoted at Rs 2,100-2,150 a quintal, Samrat at Rs1,900, Lal Quila at Rs1,870, and Rasoi at Rs 1,820.

At the National Commodity and Derivatives Exchange wheat for October delivery decreased by 80 paise to Rs 1,106 a quintal; it had touched a low earlier on Tuesday. While at the MCX, wheat for December delivery rose by Rs 34.5 to 1,185.4 a quintal.

Flour Prices

Despite an uptrend in wheat, flour prices remained unchanged at Rs 1,130 for a 90-kg bag. Similarly, chokar prices witnessed a steady trend and sold at Rs 580 for a 49-kg bag.

Paddy Trading

More than 2.45-lakh tonnes of different paddy varieties had arrived at the various grain markets of Karnal District till October 10.

Published on October 11, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like