Rice basmati remains weak on tepid demand

Rice basmati prices continued to slide for the fourth day by losing up to Rs 300 per quintal owing to slackened demand at the wholesale grains market today.
However, wheat recovered on scattered demand from flour mills.
Traders said easing demand from retailers and stockists kept rice basmati prices lower.
In the national capital, rice basmati common and Pusa- 1121 variety drifted further lower to Rs 7,400-7,500 and Rs 6,000-6,800 from previous levels of Rs 7,700-7,800 and Rs 6,000-7,100 per quintal, respectively.
Non basmati rice permal raw, wand, sela and IR-8 also finished down at Rs 2,250-2,275, Rs 2,300-2,350, Rs 2,700- 2,800 and Rs 1,875-2,000 from previous levels of Rs 2,275- 2,325, Rs 2,400-2,450, Rs 3,000-3,100 and Rs 2000-2025 per quintal respectively in line with rice basmati trend.

On the other hand, wheat dara (for mills) edged up by Rs 15 to Rs 1,705-1,710 per quintal. Atta chakki delivery followed suit and traded higher by Rs 20 to Rs 1,720-1,725 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,400, Wheat dara (for mills) Rs 1,705-1,720, Chakki atta (delivery) Rs 1,720-1,725, Atta Rajdhani (10 kg) Rs 240, Shakti Bhog (10 kg) Rs 240, Roller flour mill Rs 940-950 (50 kg), Maida Rs 955-965 (50 kg) and Sooji Rs 1,030-1,040 (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 7,400-7,500, Rice Pusa (1121) Rs 6,000-6,800, Permal raw Rs 2,250-2,275, Permal wand Rs 2,300-2,350, Sela Rs 2,700-2,800 and Rice IR-8 Rs 1,875-2,000, Bajra Rs 1,350-1,360, Jowar yellow Rs 1,600-1650, white Rs 3,300-3,500, Maize Rs 1,450-1,460, Barley Rs 1,550-1,570.