Wheat softens on ample stocks

In restricted activity, wheat prices shed Rs 5 per quintal at the wholesale grains market today due to adequate stocks on higher supplies from producing belts against reduced offtake by flour mills.
However, other grains remained steady in limited deals.
Traders said adequate stocks position on higher supplies from producing belts against reduced offtake by flour mills kept pressure on wheat prices.
Meanwhile, wheat procurement has increased by 10 per cent to 208.11 lakh tonnes so far in the ongoing marketing season, helped by rise in production.
In the national capital, wheat dara (for mills) eased by Rs 5 to Rs 1,615-1,620 per quintal. Atta chakki delivery followed suit and enquired lower by a similar margin to Rs 1,620-1,625 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 1,850-2,100, Wheat dara (for mills) Rs 1,615-1,620, Chakki atta (delivery) Rs 1,620-1,625, Atta Rajdhani (10 kg) Rs 265, Shakti Bhog (10 kg) Rs 265, Roller flour mill Rs 850-860 (50 kg), Maida Rs 930-950 (50 kg) and Sooji Rs 980-990 (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 5,700-5,800, Rice Pusa (1121) Rs 4,600-5,500, Permal raw Rs 1,900-1,950, Permal wand Rs 2,075-2,125, Sela Rs 2,400-2,500 and Rice IR-8 Rs 1,775-1,800, Bajra Rs 1,600-1,605, Jowar yellow Rs 1,800-1,900, white Rs 3,400-3,500, Maize Rs 1,370-1,380, Barley Rs 1,580-1,585.