Commodities

Wheat unchanged on steady demand

Our Correspondent Karnal | Updated on January 25, 2013 Published on January 25, 2013

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Steady domestic demand, coupled with easy availability of stocks, kept dara wheat and flour prices unaltered on Friday.

Satish Kumar, a trade expert, told Business Line that with demand being steady for the dara variety, prices are ruling flat. Following inactive participation by the bulk buyers, trading has also been lukewarm in the market.

Dara wheat remained unchanged at Rs 1,510-1,515 a quintal. Around 600 quintals of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,510 while delivery at the chakki was Rs 1,515.

There was no trading on the National Commodity and Derivatives Exchange and MCE on Friday in the morning session on account of ‘Id-E-Milad.

Flour Prices

After witnessing an uptrend earlier this week, flour prices remained unchanged and quoted at Rs 25 and quoted at Rs 1,740 a quintal. Similarly, Chokar ruled flat and sold at Rs 1,370-1400 a quintal.

MMTC Ltd has issued a global tender to export 1,50,000 tonnes of wheat for shipments between February 20 and March 31.

Published on January 25, 2013
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