Wheat declines on adequate supply

Wheat and it products showed a weak trend with prices declining up to Rs 15 per quintal in the wholesale grains market on adequate stocks following increased arrivals from producing belts amid reduced offtake by flour mills.

Traders said adequate stocks against reduced offtake by flour mills led to a fall in wholesale wheat dara prices.

In the national capital, wheat dara (for mills)declined by Rs 10 to Rs 1,285-1,290 while atta chakki delivery followed suit and traded lower by the same margin to Rs 1,290-1,295 per 90 kg. 

Atta flour mills also weakened by Rs 15 to Rs 670-690 per 50 kg.

Maida and sooji too traded lower by Rs 10 each to Ras 755-785 and Rs 790-810 per 50 kg in line with wheat trend.

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,650-1,765, wheat dara (for mills) 1,285-1,290 chakki atta (delivery) 1,290-1,295, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 670- 690 (50 kg), Maida 755-785 (50 kilos) and Sooji 790-810 (50 kg)

Basmati rice (Lal Quila) 9,500, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,700-5,800, rice Pusa-(1121) 4,800-5,400, Permal raw 1,875-1,925, Permal wand 2,000-2,150

Sela 2,165-2,220 and Rice IR-8 1,685-1,710, Bajra 825-835, Jowar yellow 950-1,050, white 1,950-2,000, Maize 1,000-1,010, Barley (UP) 1,200-1,220 and Rajasthan 1,080-1,090