Wheat rules flat on steady demand

Our Correspondent Karnal | Updated on June 10, 2014 Published on June 10, 2014

Moderate buying kept wheat and flour prices unchanged on Tuesday. Wheat and flour prices are ruling stable on steady domestic demand and supply, said market sources.

Radhey Shyam, a commodity expert, told Business Line that since demand matched supply, prices were unchanged. In the absence of any major market moving factors, dara and flour prices have been ruling firm since last weekend and may continue to rule around current levels for the next few days, too, he added.

Dara wheat in the physical market sold at ₹1,450-55 a quintal. Around 2,500 bags of wheat arrived and stocks were directly offloaded at the mills. Mill delivery was at ₹1,450, while delivery at the chakki was at ₹1,455.

An uptrend was witnessed on the NCDEX. June contracts moved up by ₹4 and traded at ₹1,480. July contracts gained ₹8 and traded at ₹1,510 a quintal.

Flour too ruled flat and sold at ₹1,680. Similarly, Chokar was unchanged at ₹1,350 a quintal.

Published on June 10, 2014

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