Wheat dips on increased supply, reduced offtake
In restricted activity, wheat prices eased by Rs 5 per quintal at the wholesale grains market today on sufficient stocks position and arrivals from producing belts.
Traders said ample stocks position on increased arrivals from producing regions against reduced offtake by flour mills, mainly weighed on wheat prices.
In the national capital, wheat dara (for mills) shed Rs 5 to Rs 1,735-1,740 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,740-1,745 per 90 kg.
Following are today's quotations (in Rs per quintal):
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