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Wheat, rice basmati extend gains on increased offtake

Press Trust of India  |  New Delhi 

and rice basmati prices rose further by up to Rs 200 per quintal at the wholesale grains market today on increased demand against tight stocks position on fall in arrivals from producing belts.

Traders said increased offtake by flour mills against paucity of stocks on fall in supplies mainly kept prices higher.

Rising demand from retailers helped rice basmati prices to trade higher, they said.

In the national capital, dara (for mills) moved up by Rs 30 to Rs 1,870-1,875 per quintal. Atta chakki delivery followed suit and traded higher by Rs 35 to Rs 1,880-1,885 per 90 kg.

Atta flour mills, maida and sooji also settled higher at Rs 975-985, Rs 1,070-1,080 and Rs 1,160-1,170 from previous levels of Rs 950-960, Rs 1,050-1,060 and Rs 1,150-1,160 per 50 kg respectively in line with a wheat trend.

Rice basmati common and Pusa-1121 variety too rose by Rs 200 each to Rs 5,200-5,300 and Rs 4,400-5,300 per quintal, respectively.

Non-basmati rice permal raw and wand followed rice basmati trend and finished higher at Rs 2,050-2,075 and Rs 2,150-2,200 against last close of Rs 2,000-2,050 and Rs 2,125-2,200 per quintal.

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

Wheat MP (desi) Rs 2,300-2,835, Wheat dara (for mills) Rs 1,870-1,875, Chakki atta (delivery) Rs 1,880-1,885, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 975-985 (50 kg), Maida Rs 1,070-1,080 (50 kg) and Sooji Rs 1,160-1,170 (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 5,200-5,300, Rice Pusa (1121) Rs 4,400-5,300, Permal raw Rs 2,050-2,075, Permal wand Rs 2,150-2,200, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,850-1,860, Bajra Rs 1,300-1,305, Jowar yellow Rs 1,750-1,800, white Rs 3,400-3,600, Maize Rs 1,540-1,550, Barley Rs 1,610-1,615.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 14:22 IST