Wheat prices up; other items ease on grain market

RECORDER REPORT

KARACHI: Wheat prices were higher on the wholesale grain market on Saturday in process of trading while some items turned softer depicting two way price movement, dealers said.

On the cereal side wheat old and new Bardan gained Rs 15 to Rs 2625 and 2640, gur low type retained overnight level at Rs 6500 while the best quality was lower by Rs 400 to Rs 7800, other items maintained overnight levels, they said.

On grams sector, grams 50x50 shed Rs 50 to Rs 5300-5500, other items retained the overnight levels due to balanced demand and supply, they added.

On the rice side Irri-6 Sindh shed Rs 25 to Rs 3275-3300 owing to fall in demand by exporters, they said.

On the seed side cottonseed oilcake with bag Sindh low type lost Rs 50 to Rs 1100 while the good type maintained overnight level at Rs 1200, til low type was down by Rs 3300 while the good type did not show any change at Rs 3600, they said.