Wheat prices slip on higher supply

Image
Press Trust of India New Delhi
Last Updated : May 31 2018 | 2:45 PM IST

Wheat prices fell by Rs 15 per quintal at the wholesale grains market today on sufficient stocks position due to pick-up in arrivals from growing regions against reduced offtake by flour mills.

However, other grains held steady in thin trade.

Traders said ample stocks position on increased supplies from producing belts against reduced offtake by flour mills led to decline in wheat prices.

In the national capital, wheat dara (for mills) declined by Rs 15 to Rs 1755-1760 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1760-1765 per 90 kg.

Following are today's quotations (in Rs per quintal):

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 31 2018 | 2:45 PM IST

Next Story