A sudden increase in demand from flour mills is likely to support prices of Dara wheat in the spot market.
Prices on the futures market, on the other hand, are likely to be range-bound to weak movement in the coming days, said market experts.
Flour continued to rule firm on Friday.
Dara wheat increased as supplies were inadequate against the frantic buying by flour mills, said market experts.
In the physical market, dara wheat rose by Rs 30 to Rs 1,520-25 a quintal.
About 900 bags of wheat arrived and the stocks were directly offloaded at the mills. Mill delivery was at Rs 1,520, while delivery at the chakki was at Rs 1,525 .
Dara wheat prices have increased by Rs 50 over the last couple of days.
Radhey Shyam, a trader, said that rising demand could result in marginal uptrend in wheat.
However, the surge in the last couple of sessions was unexpected, he said.
Wheat futures extended losses on Friday.
A negative trend was witnessed on the National Commodity and Derivatives Exchange.
Wheat for October contracts dropped by Rs 3 to 1,543 with an open interest of 5,020 lots.
In the spot market, wheat prices improved by Rs 20 to Rs 1,570.
Flour Prices
Despite an uptrend in wheat, flour continued to rule steady at Rs 1,750 . On the other hand, Chokar moved up by Rs 25 to Rs 1,275 a quintal.