Rice basmati rises on stockists buying

Rice basmati rose by Rs 100 per quintal on the wholesale grains market today on buying by stockists due to expectations of a rise in demand in festive and marriage season.

Traders said stockists buying on hopes of a rise in demand during festive and marriage season, mainly led to rise in wholesale rice basmati prices.

They said government decision to increase the minimum support price (MSP) of wheat failed to have an immediate impact.

Meanwhile, the government raised MSP of wheat by Rs 20 per quintal to Rs 1,120 for the rabi crops in 2010-11.

In the rice section, basmati common and Pusa 1121 variety rose by Rs 100 each to Rs 5,400-5,500 and Rs 4,500-5,100 per quintal, respectively.

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,650-1,750, wheat dara (for mills) 1,275-1,280 chakki atta (delivery) 1,275-1,280, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 675-695 (50 kg), Maida 765-795 (50 kilos) and Sooji 885-905 (50 kg)

Basmati rice (Lal Quila) 9,400, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,400-5,500, rice Pusa-(1121) 4,500-5,100, Permal raw 1,905-1,955, Permal wand 2,030-2,180, Sela 2,205-2,255 and Rice IR-8 1,735-1,760

Bajra 800-810, Jowar yellow 1,050-1,150, white 2,050-2,100, Maize 1,070-1,080, Barley (UP) 1,170-1,190 and Rajasthan 1,080-1,090