Commodities

Wheat arrivals slow down

| Updated on: May 02, 2011
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Wheat arrivals at the Karnal grain market terminal have dropped; just around 120 tonnes of new wheat arrived and ruled at Rs 1,170 a quintal, including bonus.

Following the low availability of fine quality wheat, prices of fine quality touched the levels of Rs 1,300 a quintal, including tax, in private buying.

Production at the Yamuna belt has dropped drastically and arrivals from the Uttar Pradesh are also low, said Mr Sewa Ram, a wheat trader. Yellow Rust has affected the quality and production badly, he added.

Prices of old dara dropped Rs 10-15 and mill delivery was at Rs 1,190-1,195 a quintal against the levels of Rs 1,210 quoted last weekend, while it traded at Rs1,205-1,210 at retail market.

On the other hand, in desi wheat varieties, Bhojan King dropped by Rs 100 while all other varieties witnessed a steady trend and prices ruled flat.

Around 100 tonnes of different varieties of desi wheat arrived from Madhya Pradesh. Tohfa variety ruled at Rs 2,200 a quintal, Bhojan King dropped by Rs 100 and was quoted at Rs 2,100, Dabang ruled at Rs 2,100, Parivar was at Rs 2,050, Lal Quila at Rs 2,050 while the Nokia variety traded at Rs 2,100 a quintal.

Flour Prices

Despite a drop in wheat prices, flour prices ruled steady and quoted at Rs 1,200 for a 90-kg bag. Chokar prices rose marginally by Rs 10 and ruled at Rs 570 for a 49-kg bag.

Published on May 02, 2011

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