Comments
The wheat market continued to witness a steady trend and prices continued to rule as they had since Monday. With demand and supply being balanced, there was no change at all in prices, said Mr Subhash Chander, a wheat trader.
Arrivals of new wheat are sluggish and out of total arrivals, around 50 per cent were from Uttar Pradesh, he added.
Only around 150 tonnes wheat arrived and ruled at Rs 1,170 a quintal, which is the minimum support price of Rs 1,120 and a bonus of Rs 50. Mill delivery of the old wheat was at Rs 1,200-1,210 a quintal, while it traded at Rs 1,220-1,225 at retail markets.
More-than 5,45,173 lakh tonnes wheat have arrived at the Karnal grain market terminal till Wednesday.
On the other hand, desi wheat varieties witnessed a mixed trend; some buying lifted the prices of Nokia and Dabang varieties, while Tohfa variety dropped marginally.
Around 140 tonnes of different varieties of desi wheat arrived from Madhya Pradesh. Tohfa variety dropped by Rs 30 and ruled at Rs 2,200 a quintal, Bhojan King was quoted at Rs 2,200, Dabang rose by 100 a quintal and ruled at Rs 2,100, Parivar was at Rs 2,050, Lal Quila at Rs 2,050 while the Nokia variety rose by Rs 60 and traded at 2,100 a quintal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.