Following high arrivals coupled with restricted trading in the market, dara wheat prices fell up to Rs 10 a quintal while desi wheat varieties continued to rule flat, on Thursday.

Easy availability of stocks due to high arrivals from Uttar Pradesh amid reduced offtake mainly pulled dara down, said Mr Subhash Chander, a wheat trader.

Sowing commences from next week in this region and the government is likely to decide the minimum support price for the rabi season 2011-12 within a week or two.

Dara variety eased by Rs 10 a quintal and settled at Rs 1,110-1,120 a quintal.

Around 90 tonnes of dara variety arrived from the Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,110 a quintal while delivery at chakki was at Rs 1,15-1,120 a quintal.

On the other hand, desi wheat prices remained almost unchanged on account of low trading. A little stock of Tohfa variety arrived and quoted at Rs 2,250, Samrat quoted at Rs 1,850 a quintal, Lal Quila ruled at Rs 1,835 while Rasoi sold at Rs 1,800 a quintal.

On the National Commodity and Derivatives Exchange, wheat for November delivery decreased by Rs 2.2 to Rs 1,091.4 a quintal. It had touched a low at Rs 1,086.2 a quintal earlier on Thursday. On the MCX, wheat for December delivery remained unchanged at Rs 1,185.4 a quintal.

Flour Prices

Following a decline in wheat prices, flour prices too decreased by Rs 10 and quoted at Rs 1,130 for a 90-kg bag. On the other hand, after witnessing an uptrend earlier this week, Chokar prices remained unchanged and sold at Rs 580-590 for a 49-kg bag.

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