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Wheat arrivals dropped drastically to around 80,000 bags on Tuesday at the Karnal Grain Market Terminal against around 1.50 lakh bags till last weekend.
About 90-95 per cent of the total production has already arrived in the market and arrivals are expected to remain sluggish, said market sources. Procurement is happening at a decent pace and considering the low storage space, officials are now using the available vacant spaces in the grain market to store the procured wheat, they added.
New wheat was quoted at Rs 1,285 a quintal, which is also the minimum support price.
Flour Prices
Despite sluggish domestic demand, flour prices continued to rule flat and quoted at Rs 160 for a 10-kg bag. Branded flour such as Shakti Bhog and Ashirwad were quoted at Rs 200 and Rs 215 for a 10 kg bag, respectively. On the other hand, Chokar prices were down by Rs 10 and were sold at Rs 590 for a 49-kg bag.
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