Mixed trend in wheat amid tepid trading

Our Correspondent Karnal | Updated on May 10, 2011 Published on May 10, 2011


Wheat market witnessed a mixed trend; amid tepid trading prices of old dara ruled flat, low quality pulled new wheat down while some buying lifted the prices of desi wheat up, on Tuesday.

With not much trading in the market, prices of old dara continued to rule flat. Mill delivery was at Rs 1,200 a quintal, while it traded at Rs1,210-1,215 at retail market.

Around 800 tonnes of new wheat arrived from the Uttar Pradesh and ruled at Rs 1,170 a quintal.

Quality measure pulled the prices of new wheat down in private buying and ruled at Rs 1,250 a quintal against the levels of Rs 1,300 quoted last weekend.

Arrivals have dropped by 30-35 percent at the Karnal grain market against the corresponding period of 2010-11, said Mr Tara Chand Sharma, a wheat trader. Fine quality wheat is not available in the market at present, he added.

On the other hand, domestic demand lifted the prices of desi wheat varieties. Just around 120 tonnes of different varieties of desi wheat arrived from Madhya Pradesh. Prices of Tohfa variety increased by Rs 50 and ruled at 2,220 a quintal, Bhojan King increased by 30 and quoted at Rs2,110, Dabang ruled at Rs2,080-2,100, Parivar rose by 20 and ruled at Rs 2,070, Lal Quila increased by 20 and was at Rs 2,060 while the Nokia variety traded at 2,090 a quintal.

Flour Prices

With the steady trend in wheat, flour prices ruled flat and quoted at Rs 1,190-1,200 for a 90-kg bag. Chokar prices rose marginally by Rs 5 and quoted at Rs 565 for a 49-kg bag.

Published on May 10, 2011
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