Wheat drops on reduced offtake by flour mills

Wheat prices drifted lower by up to Rs 50 per quintal at the wholesale grains market today due to reduced offtake by flour mills against ample stocks position.
Bajra and maize also eased on sluggish demand from consuming industries.
Traders said besides adequate stocks position in the market, decline in offtake by flour mills mainly kept pressure on wheat prices.
In the national capital, wheat dara (for mills) fell by Rs 40 to Rs 1,940-1,950, while wheat MP (desi) slipped to Rs 2,650-2,950 from previous level of Rs 2,650-3,000 per quintal, respectively. Atta chakki delivery followed suit and traded lower at Rs 1,985-2,000 from previous level of Rs 2,000-2,010 per 90 kg.

Atta flour mills, maida and sooji also settled lower at Rs 1,100-1,115, Rs 1,140-1,160 and Rs 1,225-1,250 as compared to last close of Rs 1,110-1,115, Rs 1,160-1,170 and Rs 1,260-1,270 per 50 kg in line with wheat trend.
Bajra and maize slipped to Rs 1,425-1,440 and Rs 1,550-1,570 from previous level of Rs 1,440-1,445 and Rs 1,590-1,600 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,650-2,950, Wheat dara (for mills) Rs 1,940-1950, Chakki atta (delivery) Rs 1,985-2,000, Atta Rajdhani (10 kg) Rs 280, Shakti Bhog (10 kg) Rs 300, Roller flour mill Rs 1,100-1,115 (50 kg), Maida Rs 1,140-1,160 (50 kg) and Sooji Rs 1,225-1,250 (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 6,400-6,500, Rice Pusa (1121) Rs 5,000-6,200, Permal raw Rs 2,050-2,075, Permal wand Rs 2,150-2,200, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,850-1,860, Bajra Rs 1,425-1,440, Jowar yellow Rs 1,750-1,800, white Rs 3,500-3,700, Maize Rs 1,550-1,570, Barley Rs 1,800-1,820.