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Wheat futures market may rule range-bound while dara wheat in physical market may rule flat in coming days, said market experts.
Moderate buying kept dara wheat and flour prices unaltered, said Radhey Shyam, a trade expert. Only need-based buying is taking place and any major fluctuation in the prices is unlikely at present, he added.
In the physical market, dara wheat prices ruled flat and sold at Rs 1,470-75 a quintal. Mill delivery was at Rs 1,470 while delivery at the chakki was at Rs 1,475.
Similarly desi wheat variety ruled flat at Rs 2,600-2,700.
On the NCDEX, wheat for August contracts improved by Rs 4 and traded at Rs 1,570 with an open interest of 14,260 lots. The grain had touched a high at Rs 1,577 earlier in the day. August contracts went down by Re 1 and traded at Rs 1,575.
In the spot market, after witnessing a fall on Monday, wheat spot prices on the exchange improved by Rs 2.5 and traded at Rs 1,485.
Flour Prices
Following a steady trend in wheat, flour too ruled flat and quoted at Rs 1,725. Similarly, Chokar ruled flat and sold at Rs 1,225 a quintal.
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