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Wheat slips on reduced offtake, ample stocks

Press Trust of India  |  New Delhi 

Wheat prices fell by up to Rs 50 per quintal at the wholesale grains market today due to reduced offtake by flour mills against sufficient stocks position.

Maize, however, edged up on uptick in demand from consuming industries.


Traders said besides reduced offtake by flour mills, adequate stocks position on increased arrivals from producing belts mainly put pressure on wheat prices.

Higher output this year also put pressure on wheat prices, they said.

In the national capital, wheat (desi) eased to Rs 2,200-2,500 against last close of Rs 2,250-2,530 per quintal.

Wheat dara (for mills) also declined by Rs 15 to Rs 1,740-1,750 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,750-1,755 per 90 kg.

Atta flour mills, maida and sooji too eased to Rs 950- 960, Rs 990-1,000 and Rs 1,100-1,110 against last close of Rs 970-980, Rs 1,050-1,060 and Rs 1,190-1,200 per 50 kg, respectively in line with a wheat trend.

On the other hand, maize edged higher by Rs 20 to Rs 1,510-1,520 per quintal.

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

Wheat MP (desi) Rs 2,200-2,500, Wheat dara (for mills) Rs 1,740-1,750, Chakki atta (delivery) Rs 1,750-1,755, Atta Rajdhani (10 kg) Rs 240, Shakti Bhog (10 kg) Rs 240, Roller flour mill Rs 950-960 (50 kg), Maida Rs 990-1,000 (50 kg) and Sooji Rs 1,100-1,110 (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 8,600-8,700, Rice Pusa (1121) Rs 7,000-8,300, Permal raw Rs 2,300-2,350, Permal wand Rs 2,450-2,500, Sela Rs 3,100-3,200 and Rice IR-8 Rs 2,050-2,100, Bajra Rs 1,420-1,430, Jowar yellow Rs 1650-1700, white Rs 3,350-3,550, Maize Rs 1,510-1,520, Barley Rs 1,580-1,600.

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

First Published: Sat, April 15 2017. 14:13 IST
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