Wheat and rice basmati prices fell up to Rs 50 per quintal in the wholesale grains market today on adequate stocks position against sluggish demand.
Traders said adequate stocks position at government's godowns and in markets, followed by increased arrivals led to a fall in wholesale wheat and rice basmati prices.
Besides, government's decision to release five million tonnes of grain in the open market too kept pressure on the prices, they said.
Wheat dara (for mills) declined by Rs 10 to Rs 1,240- 1,245 per quintal, while atta chakki delivery lost Rs 10 to Rs 1,245-1,250 per 90 kg.
In the rice section, basmati common and Pusa-1121 variety lost Rs 50 each at Rs 5,100-5,200 and Rs 4,400-4,900 per quintal.
Following are today's quotations in Rs per quintal:
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Wheat MP (deshi) 1,750-1,850, wheat dara (for mills) 1,240-1,245 chakki atta (delivery) 1,245-1,250, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 630-650 (50 kg), Maida 755-785 (50 kilos) and Sooji 810-830 (50 kg).
Basmati rice (Lal Quila) 9,300, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,100-5,200, rice Pusa-(1121) 4,400-4,900, Permal raw 1,750-1,800, Permal wand 1,825-1,975, Sela 2,050-2,100 and Rice IR-8- 1,575-1,600, Bajra 960-970, Jowar yellow 1,400-1,475, white 2,250-2,300, Maize 975-985, Barley (UP) 1,050-1,070 and Rajasthan 1,080- 1,090.