Wheat declines on adequate supply, subdued demand

In restricted activity, wheat prices fell up to Rs 25 per quintal in the wholesale grains market today on adequate stocks position against weak demand.

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

Traders said adequate supplies in the market against sluggish demand mainly led to a fall in wholesale wheat prices.

Wheat deshi fell by Rs 25 to Rs 1,700-1,800, while wheat dara (for mills) shed Rs 5 to Rs 1,225-1,230 per quintal.

Atta chakki delivery followed suit and traded lower by Rs 5 to Rs 1,230-1,235 per 90 kg.

Following are today's quotations in Rs per quintal: 

Wheat MP (deshi) 1,700-1,800, 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 650- 670 (50 kg), Maida 770-800 (50 kilos) and Sooji 860-880 (50 kg)

Basmati rice (Lal Quila) 9,300, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,500-5,600, rice Pusa-(1121) 4,400-4,900, Permal raw 1,850-1,900, Permal wand 1,925-2,075, Sela 2,150-2,200 and Rice IR-8- 1,675-1,700

Bajra 990-1,000, Jowar yellow 1,400-1,500, white 2,450-2,500, Maize 1,060-1,070, Barley (UP) 1,090-1,110 and Rajasthan 1,080-1,090