Commodities

Wheat prices rule firm on steady demand

Our Correspondent Karnal | Updated on March 12, 2018

BL26_COM2_WHEAT





Wheat market ruled firm and all varieties maintained their previous levels on Tuesday.

Prices of the dara variety ruled around Rs 1,280-1,285 a quintal. The market had witnessed the levels of Rs 1,320-1,330 a quintal last week, which were the highest in the past two years.

The price at the retail outlets ruled at Rs 1,290-1,295 a quintal and was around Rs 1,300 a quintal for the finer quality. Mr Subhash Chander, a wheat trader, told Business Line that because the demand matched the supply in the market, wheat prices have ruled unchanged since last weekend. UP farmers are still heading towards the Delhi market, as they are getting better margins there. Moreover, fare charges are also similar for UP toKarnal and UP to Delhi, he added.

At present, flour mills are solely dependent on Food Corporation of India's stock. Small aata chakkis can procure 90 quintals a day, while the big flour mills can procure 2,700 quintals at a time, said Mr Subhash. Similarly, prices of desi wheat ruled flat and maintained their previous levels. Bhojan King quoted at Rs 2,350 a quintal, Aaj Tak quoted at Rs 2,300 and Nokia at Rs 2,350.

Flour prices

Despite a steady trend in wheat prices, flour prices dropped marginally by Rs 5 for a 90-kg bag and quoted at Rs 1,315 against Rs 1,320 quoted last weekend.

Chokar prices rose marginally by Rs 10, ruling at Rs 610 for a 49-kg bag against Rs 600 quoted last weekend.

Published on January 26, 2011

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