Moderate buying kept wheat prices unaltered while increased off-take pushed flour prices further up on Friday.

Market may remain range-bound for a few days but it is expected to move in a positive territory as market sentiment is still largely positive, said Satish Kumar, a wheat trader.

There could be some softness in prices later this month with the progress of wheat sowing, he added.

Dara wheat and flour prices have increased by Rs 60 and Rs 70 a quintal, respectively, since the beginning of November. After witnessing a price rise earlier this week, dara wheat prices managed to maintain their previous levels of Rs 1,540-1,550 while flour rose Rs 20 up at Rs 1,750.

In the physical market, around 50 tonnes of dara variety arrived from Uttar Pradesh which were directly offloaded at the mills.

Mill delivery was at Rs 1,540-1,545 while delivery at the chakki was Rs 1,550.

Similarly, Desi wheat varieties ruled flat amid slack trading and quoted at Rs 2,050-2,200. On the National Commodity and Derivatives Exchange, wheat for November delivery decreased by Rs 11 and traded at Rs 1,615, it had touched a high at Rs 1,638 earlier on Friday.

December contracts went down by Rs 3 to Rs 1,583. Wheat spot prices on the exchange traded at Rs 1,550.

Flour Prices

Despite a steady trend in wheat, flour prices went further up by Rs 20 and settled at Rs 1,750.

On the other hand, Chokar remained unchanged and sold at Rs 1,300.

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