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Wheat softens on higher supply

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Press Trust of India New Delhi

Wheat prices drifted lower by Rs 10 per quintal at the wholesale grains market today on increased supplies from producing belts and reduced offtake by flour mills.

However, other grains remained steady in thin trade.

Traders said adequate stocks position on increased arrivals from producing regions against reduced offtake by flour mills mainly led to decline in wheat prices.

In the national capital, wheat dara (for mills) slipped by Rs 10 to Rs 1,750-1,755 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,755-1,760 per 90 kg.

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

Wheat MP (desi) Rs 2,060-2,260, Wheat dara (for mills) Rs 1,750-1,755 Chakki atta (delivery) Rs 1,755-1,760, Atta Rajdhani (10 kg) Rs 230-260, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 940-950 (50 kg), Maida Rs 960-970 (50 kg)and Sooji Rs 1,040-1,050 (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 7,000-7,100, Rice Pusa (1121) Rs 6,300-6,400, Permal raw Rs 2,375-2400, Permal wand Rs 2,475-2,525, Sela Rs 3,050-3,150 and Rice IR-8 Rs 2,025-2,075, Bajra Rs 1,275-1,280, Jowar yellow Rs 1,650-1,700, white Rs 2,850-2,950, Maize Rs 1,380-1,385, Barley Rs 1,470-1,480.

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First Published: May 15 2018 | 2:30 PM IST

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