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Wheat drops on increased arrivals, reduced offtake

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Press Trust of India New Delhi
Wheat prices dropped by Rs 50 per quintal on the wholesale grains market today due to increased arrivals from producing regions against reduced offtake by flour mills.

Bajra and maize also shed some grounds owing to lack of demand from consuming industries.

Traders said increased arrivals from producing regions against reduced offtake by flour mills mainly pulled down wheat prices.

In the national capital, wheat dara (for mills) dropped by Rs 50 to Rs 1,510-1,515 per quintal. Atta chakki delivery followed suit and ended lower by the same margin to Rs 1,515-1,520 per 90 kg.

Other bold grains like, bajra, maize and barley too eased by Rs 20 each to Rs 1,300-1,310, Rs 1,415-1,420 and Rs 1,370-1,380 per quintal respectively.
 

The following were today's quotations per quintal:

Wheat, MP (deshi) 2,100-2,300, Wheat dara (for mills) 1,510-1,515, Chakki atta (delivery) 1,515-1,520 Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 875-885 (50 kg), Maida 940-950 (50 kg) and Sooji 1,020-1,040 (50kg).

Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 9,200-9,500, Rice Pusa-(1121) new 8,200-9,900, Permal raw 2,200-2,250, Permal wand 2,250-2,350, Sela 2,800-2,900 and Rice IR-8- 1,850-1,900, Bajra 1,300-1,310, Jowar yellow 1,500-1,530, white 2,350-2,560, Maize 1,415-1,420, Barley 1,370-1,380, Rajasthan 1,080-1,090.

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First Published: Apr 12 2014 | 1:40 PM IST

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