Basmati rice declines on sluggish demand

In an other wise steady wholesale grains market today, rice basmati declined by Rs 100 per quintal on sluggish demand.

Elsewhere, other commodities traded in a tight range on alternate bouts of trading and settled around previous levels.

Traders said sluggish demand against adequate stocks position mainly led to a fall in wholesale rice basmati prices.

In the rice section, basmati common and Pusa -1121 variety prices lost Rs 100 each to Rs 5,150-5,250 and Rs 4,450-4,950 per quintal.

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,750-1,850, wheat dara (for mills) 1,250-1,255 chakki atta (delivery) 1,255-1,260, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 630-650 (50 kg), Maida 750-780 (50 kilos) and Sooji 800-820 (50 kg)

Basmati rice (Lal Quila) 9,300, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,150-5,250, rice Pusa-(1121) 4,450-4,950, Permal raw 1,750-1,800, Permal wand 1,825-1,975, Sela 2,050-2,100 and Rice IR-8- 1,575-1,600

Bajra 960-970, Jowar yellow 1,450-1,525, white 2,250-2,300, Maize 975-985, Barley (UP) 1,050-1,070 and Rajasthan 1,080- 1,090