New buying coupled with lower supplies pushed up dara wheat prices further, while desi wheat was flat on lack of buying interest amid low stocks on Tuesday.
Dara prices increased by Rs 10-25 a quintal at Rs 1,225-1,250 on the physical market. Around 800 quintals of dara variety arrived from Uttar Pradesh and were directly offloaded at the mills. Mill delivery of dara was at Rs 1,225 a quintal while delivery at chakki was at Rs 1,230.
Seed quality was trading around Rs 1,250 a quintal, up Rs 25.
The Food Corporation of India released stocks for the below-poverty-line and above-poverty-line card holders. A few flour mills, too, got stocks under the open market sale scheme from Gharonda godown, said market sources.
Among desi wheat varieties, Tohfa quoted at Rs 2,300 a quintal while Red Rose was trading at Rs 2,200.
Wheat for February delivery decreased by Rs 4 to Rs 1,266 a quintal after touching a high at Rs 1,279 earlier in the day on the National Commodity and Derivatives Exchange, while for March delivery dropped by Rs 2 to Rs 1,256.
Flour prices were unchanged at Rs 1,220 for a 90-kg bag. Chokar was flat at Rs 660 for a 49-kg bag.