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Wheat prices were up on the wholesale grain market on Saturday in process of modest trading, dealers said. On the cereal side wheat old and new (bardan) appreciated by Rs 40 to Rs 2640-2655 due to rising demand by retailers, gur picked up Rs 100 to Rs 6500-7800, other items maintained overnight levels due to balanced demand and supply, they said.
Falling trend was seen on the grams side as grams Australia dropped by Rs 100 to Rs 4600-4800 and grams dal Australia also followed the same pattern, losing the same amount to Rs 5600-5800, other items were slightly changed but closed at the overnight levels, they said.
On the rice sector Irri-6 Sindh low type rose Rs 25 to Rs 3650 while the better type maintained overnight levels, they said. On the seed side rapeseed Nawabshah gained Rs 50 to Rs 2250-2275 and rapeseed Mirpurlane followed the same trend, rising by Rs 25 to Rs 2250-2275, they said.

Copyright Business Recorder, 2011

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