Rice basmati slips on muted demand

Prices of rice basmati drifted lower by Rs 100 per quintal at the wholesale grains market today owing to slackened demand.

Wheat also slipped on adequate stocks position against reduced offtake by flour mills.

Traders said sluggish demand against sufficient stocks position mainly led to decline in rice basmati prices.

In the national capital, rice basmati common and Pusa- 1121 variety fell by Rs 100 each to Rs 8,000-8,100 and Rs 6,700-6,800 per quintal respectively.

Wheat dara (for mills) also declined by Rs 20 to Rs 1,765-1,770 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,775-1,780 per 90 kg.
 

Sooji too shed Rs 20 to Rs 1,030-1,040 per 50 kg.

Following are today's quotations (in Rs per quintal):

Wheat MP (desi) Rs 2,080-2,280, Wheat dara (for mills) Rs 1,765-1,770 Chakki atta (delivery) Rs 1,775-1,780, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 955-965 (50 kg), Maida Rs 990-1,000 (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 9,800, Basmati common new Rs 8,000-8,100, Rice Pusa (1121) Rs 6,700-6,800, Permal raw Rs 2,325-2375, Permal wand Rs 2,375-2,425, Sela Rs 2,800-3,000 and Rice IR-8 Rs 1,975-2,025, Bajra Rs 1,200-1,205, Jowar yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,400- 1,405, Barley Rs 1,490-1,500.