Wheat dara prices eased by Rs 20 a quintal on account of ample stocks coupled with reduced offtake, on Tuesday.
Mr Subhash Chander, a wheat trader, told Business Line that though the Government has allowed wheat exports, it may not have any impact on domestic prices in Haryana and Uttar Pradesh, not only because there is more stock than required but also due to the not-so-fine quality of the stock.
There would not be much exports from these parts of the country as the quality of the stock may not meet the standards of export quality, he added.
Stock meant for below poverty line card holders is also coming in the market and this is also a reason for the fall in prices.
Dara variety dropped by Rs 20 and settled at Rs 1,130 a quintal against the levels of Rs 1,150 quoted last weekend. Just around 150 quintals of dara variety arrived from Uttar Pradesh and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,130 while it traded at Rs 1,135 a quintal at the retail market.
With not much trading in the market, desi wheat prices remained unchanged. Tohfa variety quoted at Rs 2,175 a quintal, Maruti and Lal Quila were sold at Rs 1,800 and Rs 1,900, respectively, while A-1 variety quoted at Rs 2,040 a quintal. Following lack of buying interest, there are no fresh arrivals of desi wheat, said Mr Subhash.
Flour Prices
Despite a fall in wheat, flour prices remained quiet and quoted at Rs 1,150 for a 90-kg bag.
Though there is not much buying in the market and wheat prices are also going down continuously, flour millers are not ready to sell their stocks below the levels of Rs 1,150. Similarly, chokar prices remained unchanged and quoted at Rs 490 for a 49-kg bag.