Rice basmati, wheat weaken on sufficient stocks position

Weak conditions prevailed at the wholesale grains market today as prices of rice basmati and wheat drifted lower by up to Rs 100 per quintal due to reduced offtake against sufficient stocks position.
Barley also slipped on muted demand from consuming industries.
Traders said easing demand from retailers and rice mills against adequate stocks position mainly led to decline in rice basmati prices.
Adequate stocks position on higher supplies from producing belts against low demand from flour mills, kept pressure on wheat prices, they said.
In the national capital, rice basmati common and Pusa-1121 variety fell by Rs 100 each to Rs 7,800-7,900 and Rs 6,300-6,400 per quintal, respectively.

Wheat dara (for mills) also eased further by 15 to Rs 1,820-1,825 per quintal. Atta chakki delivery followed suit and shed Rs 5 to Rs 1,825-1,830 per 90 kg.

Other bold grain, barley too declined by Rs 20 to Rs 1,520-1,530 per quintal.
Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,145-2,350, Wheat dara (for mills) Rs 1,820-1,825, Chakki atta (delivery) Rs 1,825-1,830, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 980-990 (50 kg), Maida Rs 1,025-1,030 (50 kg)and Sooji Rs 1,060-1,080 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 7,800-7,900, Rice Pusa (1121) Rs 6,300-6,400, Permal raw Rs 2,250-2300, Permal wand Rs 2,300-2,350, Sela Rs 2,500-2,700 and Rice IR-8 Rs 1,900-1,925, Bajra Rs 1,160-1,165, Jowar yellow Rs 1,350-1,400, white Rs 2,700-2,800, Maize Rs 1,300- 1,305, Barley Rs 1,520-1,530.