Rice basmati remain weak on muted demand, adequate stocks

Rice basmati remained weak for the second straight day and prices fell further by Rs 200 per quintal at the wholesale grains market today on sluggish demand from retailers against ample stocks position.
However, bajra and maize traded higher on pick up in demand from consuming indusutries.
Traders said tepid demand from retailers against adequate stocks position on increased supplies from producing belts mainly kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety fell by Rs 200 each to Rs 5,400-5,600 and Rs 4,300-5,200 per quintal respectively.
On the other hand, bajra and maize settled higher at Rs 1,625-1,630 and Rs 1,635-1,640 from previous levels of Rs 1,550-1,560 and Rs 1,570-1,580 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,300-2,850, Wheat dara (for mills) Rs 1,775-1,780, Chakki atta (delivery) Rs 1,785-1,790, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 940-970 (50 kg), Maida Rs 1,000-1,010 (50 kg) and Sooji Rs 1,070-1,080 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 5,400-5,600, Rice Pusa (1121) Rs 4,300-5,200, Permal raw Rs 2,000-2,050, Permal wand Rs 2,175-2,250, Sela Rs 2,850-2,900 and Rice IR-8 Rs 1,840-1,850, Bajra Rs 1,625-1,630, Jowar yellow Rs 2,000-2,075, white Rs 3,600-3,700, Maize Rs 1,635-1,640, Barley Rs 1,540-1,545.