Wheat strengthens on increased offtake by flour mills

Traders attributed the rise in wheat prices to some buying support from flour mills.

By: PTI | New Delhi | Published:October 13, 2016 3:27 pm
Wheat, wheat prices, wheat market, grain market, flour support, flour market, india commodities, india business, indian express, business news In the national capital, wheat dara (for mills) moved up by Rs 15 to Rs 1,835-1,840 per quintal.

Wheat prices strengthened by Rs 15 per quintal at the wholesale grains market on Thursday due to increased offtake by flour mills. However, maize and barley ended lower on reduced offtake by consuming industries. Traders attributed the rise in wheat prices to some buying support from flour mills.

They said, however, reduced offtake by consuming industries kept pressure on maize and barley prices. In the national capital, wheat dara (for mills) moved up by Rs 15 to Rs 1,835-1,840 per quintal. Atta chakki delivery followed suit and traded higher by a similar margin to Rs 1,840-1,845 per 90 kg. Sooji shot up by Rs 50 to Rs 1,130-1,140 per 50 kg.

Other bold grains like bajra and maize also fell by Rs 15 and Rs 10 to Rs 1,300-1,305 and Rs 1,540-1,550 per quintal, respectively.

Following are Thursday’s quotations (in Rs per quintal):

Wheat MP (desi) Rs 2,300-2,835, Wheat dara (for mills) Rs 1,835-1,840, Chakki atta (delivery) Rs 1,840-1,845, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 950-960 (50 kg), Maida Rs 1,050-1,060 (50 kg) and Sooji Rs 1,130-1,140 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 4,800-5,000, Rice Pusa (1121) Rs 3,900-4,700, Permal raw Rs 2,000-2,050, Permal wand Rs 2,125-2,200, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,850-1,860, Bajra Rs 1,300-1,305, Jowar yellow Rs 1,750-1,800, white Rs 3,400-3,600, Maize Rs 1,540-1,550, Barley Rs 1,610-1,615.

For all the latest India News, download Indian Express App now