Wheat, rice basmati extend losses on muted demand

Prices of wheat and rice basmati drifted lower by up to Rs 300 per quintal at the wholesale grains market today on tepid demand against sufficient stocks position.
A few other bold grains also remained subdued on fall in demand from consuming industries.
Traders said besides adequate stocks position in the market on increased supplies from producing regions, reduced offtake by flour mills, mainly kept pressure on wheat prices.
They said sluggish demand from retailers weighed on rice basmati prices.
In the national capital, wheat desi fell by Rs 50 to Rs 2,100-2,400, while wheat dara (for mills) shed Rs 5 at Rs 1,690-1,695 per quintal, respectively.

In the rice section, rice basmati common and Pusa-1121 variety settled lower at Rs 7,700-7,800 and Rs Rs 6,300-7,100 per quintal, respectively.

Other bold grains like, bajra and maize also drifted lower by Rs 20 and Rs 50 to Rs 1,350-1,360 and Rs 1,450-1,460 per quintal respectively.
Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,400, Wheat dara (for mills) Rs 1,690-1,695, Chakki atta (delivery) Rs 1,700-1,705, 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 7,700-7,800, Rice Pusa (1121) Rs 6,000-7,100, Permal raw Rs 2,275-2,325, Permal wand Rs 2,400-2,450, Sela Rs 3,000-3,100 and Rice IR-8 Rs 2,000-2,025, Bajra Rs 1,350-1,360, Jowar yellow Rs 1600-1650, white Rs 3,300-3,500, Maize Rs 1,450-1,460, Barley Rs 1,550-1,570.