Rice basmati eases on increased supply; wheat edges up

Rice basmati prices fell at the wholesale grains market today on increased supplies from producing belts against subdued demand.
However, wheat prices rose on increased offtake by flour mills.
Traders said increased supplies in the face of sluggish demand mainly pulled down rice basmati prices.
They said, however, increased offtake by flour mills to meet rising demand helped wheat prices to trade higher.
In the national capital, rice basmati common and Pusa-1121 variety eased to Rs 9,200-9,800 and Rs 7,600-9,600 against last close of Rs 9,500-10,200 and Rs 8,300-10,100 per quintal, respectively.
Non-basmati rice permal raw and wand also weakened to Rs 2,100-2,150 and Rs 2,250-2,300 from Rs 2,125-2,175 and Rs 2,225-2,325 per quintal, respectively.

On the other hand, wheat dara (for mills) rose by Rs 10 to Rs 1,600-1,605 per quintal. Atta chakki delivery followed suit and traded higher by similar margin to Rs 1,605-1,610 per 90 kg. Barley also moved up by Rs 20 to Rs 1,620-1,625 per quintal.

Following are today's quotations (in Rs per quintal):
Wheat MP (deshi) 2,245-2,445, Wheat dara (for mills) 1,600-1,605, Chakki atta (delivery) 1,605-1,610, Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 850- 875 (50 kg), Maida 915-925 (50 kg) and Sooji 1,030-1,050 (50 kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice 9,500, Basmati common new 9,200-9,800, Rice Pusa- (1121) new 7,600-9,600, Permal raw 2,100-2,150, Permal wand 2,250-2,300, Sela 2,750-2,800 and Rice IR-8 1,925-1,975,Bajra 1,240-1,245, Jowar yellow 1,400-1,420, white 2,325-2,525, Maize 1,225-1,230, Barley 1,620-1,630.