Weekly Market Report - Grains

Grains: Rice basmati maintained an upward trend for the third straight week in a row in the wholesale grains market, as stockists increased their positions to meet the ongoing marriage season demand against restricted arrivals.

However, wheat and some other bold grains such as maize and bajra met with resistance on fresh arrivals and declined. 

Marketmen said increased buying by stockists and retailers for the ongoing marriage season, amid restricted arrivals helped rice basmati prices to maintain an upward trend.

In the national capital, basmati Pusa-1121 variety remained in demand and advanced Rs 50 to Rs 4,500-5,600 per quintal.

Permal raw, wand sela and IR-8 were also followed suit and added another Rs 25 each to Rs 1,900-1,950, Rs 2,050 -2,200, Rs 2,175-2,230 and Rs 1,770-1,795 per quintal. 

On the other hand, wheat dara (for mills) shed Rs 5 to Rs 1,340-1,345 per quintal. Atta flour mills and maida lost Rs 20 each to Rs 720-740 and Rs 780-810 per 50 kg.

Maize and bajra also lacked necessary buying support and fell by Rs 50 and Rs 10 to Rs 1,100-1,110 and Rs 830-840 per quintal.