Rice basmati declines on subdued demand

Rice basmati prices declined by Rs 50 per quintal in lacklustre trade on the wholesale grains market today due to subdued demand against adequate stocks. 

Elsewhere, other grains continued to trade in a tight range on alternate bouts of trading and settled around previous levels.

Traders said adequate stocks following increased arrivals from producing belts amid sluggish demand mainly led to fall in wholesale rice basmati prices.

In the national capital, rice basmati Pusa-1121 variety declined by Rs 50 to Rs 4,300-5,200 per quintal

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,650-1,765, wheat dara (for mills) 1,305-1,310 chakki atta (delivery) 1,310-1,315, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 690-710 (50 kg), Maida 770-800 (50 kg) and Sooji 790-810 (50 kg)

Basmati rice (Lal Quila) 9,500, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,700-5,800, rice Pusa-(1121) 4,300-5,200, Permal raw 1,875-1,925, Permal wand 2,000-2,150, Sela 2,165-2,220 and Rice IR-8 1,685-1,710

Bajra 800-810, Jowar yellow 900-1,000, white 1,900-1,950, Maize 1010-1020, Barley (UP) 1,230-1,250 and Rajasthan 1,080-1,090