Wheat weakens on ample stocks

Wheat prices fell by Rs 5 per quintal at the wholesale grains market today largely on adequate stocks position on increased supplies against reduced offtake by flour mills.
However, other grains held steady in thin trade.
Traders said besides ample stocks position on pick up in arrivals from producing belts, reduced offtake by flour mills led to the decline in wheat prices.
In the national capital, wheat dara (for mills) declined by Rs 5 to Rs 1,700-1,715 per quintal. Atta chakki delivery followed suit and enquired lower by a similar margin to Rs 1,715-1,720 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 1,700-1,715, Chakki atta (delivery) Rs 1,715-1,720, 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 1600-1650, white Rs 3,300-3,500, Maize Rs 1,450-1,460, Barley Rs 1,550-1,570.