Trade lacklustre in wheat market

With trading being slack in the wheat market, Dara variety ruled flat while desi wheat decreased by Rs 10-25 a quintal on Thursday.

There were some inquiries for the Dara variety and buyers were willing to purchase around the levels of Rs 1,145-1,147 a quintal. Traders, however, were not ready to sell their stocks below Rs 1,150, said Mr Subhash Chander, a wheat trader.

Buyers are not showing much interest on the levels of Rs 1,150 and its unlikely that market may trade over Rs 1,150 in near future, he said. Uncertain weather is also a reason behind low trading, said Mr Subhash.

After witnessing a decline at the beginning of this week, the

Dara variety remained unchanged and was quoted at Rs 1,150 a quintal. Only 16 tonnes of Dara variety arrived from Uttar Pradesh, and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,150 while it traded at Rs 1,155 a quintal in the retail market.

In desi wheat, sluggish demand pulled prices down. The Tohfa variety dropped by Rs 25 and quoted at 2,175 a quintal, Maruti and Lal Quila decreased by Rs 10 and were sold at Rs 1,800 and Rs 1,900, respectively, while A-1 variety quoted at Rs 2,040 a quintal, Rs 20 down from previous level.

Flour Prices

With a steady trend in wheat, flour prices remained unchanged and quoted at Rs 1,150 for a 90 kg bag. Similarly, chokar prices ruled flat and quoted at Rs 490 for a 49-kg bag.