Commodities

Wheat flat on tepid demand; flour gains

Our Correspondent Karnal | Updated on October 30, 2012 Published on October 30, 2012

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Moderate buying kept dara and desi wheat prices unaltered while an increase in demand pushed flour prices up on Tuesday.

Radhey Sham, a market expert, told Business Line that it is unlikely to see any major alteration in market even this week as demand and supply is likely to remain stable.

Good buying interest by the flour mills to meet the current domestic demand is keeping wheat prices firm, said market sources.

In the physical market, around 50 tonnes of the dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills.

Mill delivery was at Rs 1,490-1,495 a quintal while delivery at the chakki was Rs 1,500.

Similarly, Desi wheat varieties ruled flat on steady demand and quoted between Rs 2,050 and Rs 2,200 .

On the National Commodity and Derivatives Exchange, wheat for November delivery lost by Rs 21 and traded at Rs 1,566 a quintal.

December contracts went down by Rs 11 to Rs 1,586. On the other hand, wheat spot prices on the exchange increased by Rs 10 and traded at Rs 1,510.

Flour Prices

Despite a steady trend in wheat, flour prices increased by Rs 30 and sold at Rs 1,680. Chokar went for Rs 1,275 for a quintal.

Published on October 30, 2012
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