Wheat dara declines on increased supply

Wheat prices declined up to Rs 25 per quintal in the wholesale grains market today on increased supply against reduced offtake from mills.

The government's decision to release five millions tonnes of grains in the open market also kept pressure on the grain prices.

Elsewhere, other grains continued to trade in a tight range on lack of worthwhile buying activity and settled around previous levels.

Traders said increased supplies in the market following the government's decision to release five million tonnes of grains in the open market led to a fall in wholesale wheat prices.

Wheat deshi fell by Rs 25 to Rs 1,725-1,825 while wheat dara (for mills) declined by Rs 15 to Rs 1,225-1,230 per quintal. Atta chakki delivery traded lower by the same margin at Rs 1,230-1,235 per 90 kg.

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,725-1,825, wheat dara (for mills) 1,225 -1,230 chakki atta (delivery) 1,230-1,235, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 630- 650 (50 kg), Maida 755-785 (50 kilos) and Sooji 810-830 (50 kg)

Basmati rice (Lal Quila) 9,300, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,100-5,200, rice Pusa-(1121) 4,400-4,900, 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 975-985

Jowar yellow 1,400-1,475, white 2,250-2,300, Maize 975-985, Barley (UP) 1,050-1,070 and Rajasthan 1,080-1,090