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Wheat remains weak on adequate stocks

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Press Trust of India New Delhi
Wheat prices fell further by Rs 10 per quintal at the wholesale grains market today due to adequate stocks position on improved supplies from producing belts against reduced offtake by flour mills.

However, other grains including rice basmati continued to move in a narrow range in scattered deals and settled around previous levels.

Traders said reduced offtake by flour mills against ample stocks position on increased supplies from producing regions kept pressure on wheat.

In the national capital, wheat dara (for mills) shed another 10 to Rs 1,800-1,805 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,805-1,810 per 90 kg.
 

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

Wheat MP (desi) Rs 2,285-2,835, Wheat dara (for mills) Rs 1,800-1,805, Chakki atta (delivery) Rs 1,805-1,810, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 970-980 (50 kg), Maida Rs 1,020-1,030 (50 kg) and Sooji Rs 1,070-1,080 (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 5,800-6,000, Rice Pusa (1121) Rs 4,700-5,650, Permal raw Rs 2,000-2,050, Permal wand Rs 2,175-2,250, Sela Rs 3,000-3,050 and Rice IR-8 Rs 1,870-1,880, Bajra Rs 1,660-1,670, Jowar yellow Rs 1,900-2,000, white Rs 3,500-3,600, Maize Rs 1,625-1,635, Barley Rs 1,680-1,685.

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First Published: Jun 24 2016 | 3:28 PM IST

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