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Wheat arrivals have picked up at the Karnal grain market terminal once again.
Around 2,700 tonnes of new wheat arrived and ruled at Rs1,120 a quintal, though a bonus of Rs 50 a quintal has been announced by the Union Government, the local administration has not received any notification yet. Because of this, farmers are still getting the minimum support price only.
Mr Tara Chand Sharma, a wheat trader, told Business Line that the moisture level in the crop is still on the higher side.
Mill delivery of the old wheat was at Rs 1,150-1,160 a quintal while it traded at Rs1,170 in retail markets.
After ruling flat, prices of desi wheat dropped marginally on account of low buying.
Tohfa variety ruled at 2,170 a quintal, Bhojan King Rs 2,180 while the Nokia variety traded at 2,030 a quintal.
Flour prices dropped Rs 20 and quoted at Rs 1,180 for a 90 kg bag against Rs 1,200 quoted two days ago.
Branded flour such as Om Bhog and Lal Quila were quoted at Rs 140 and 145 for a 10 kg bag, respectively.
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