Wheat flour to get cheaper in India

Retail prices of wheat flour that have eased by Rs 2 per kilo in the last 15 days, are likely to fall further by Rs 1 per kg in next one month, with the increase in wheat supply in the domestic market, traders said. “The retail prices of atta (wheatflour) depend on wheat prices, which fluctuate on the basis of supply,” said Rakesh Jain, Rajdhani group’s director, adding that prices could come down by Rs 100 per quintal by next month. “Wheat prices, which are ruling at Rs 1,050 per quintal in Delhi on Monday could dip to Rs 950 per quintal by April, depending on supply,” he said.

Courtesy: EconomicTimes
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