Wheat, rice drops on stockists selling

Wheat and rice basmati prices dropped up to Rs 50 per quintal in the wholesale grains market today on emergence of stockists selling and reduced offtake by flour mills. 

However, bajra found selective buying and rose smartly. Traders said the fall in wheat and rice basmati prices was mostly due to reduced offtake by flour mills and stockists. 

They said selling by stockists due to sluggish demand led to the decline in rice basmati prices. In the national capital,wheat (deshi) fell by Rs 30 to Rs 1,550-1,700 and wheat dara (for mills) by Rs 25 to Rs 1,140-1,145 per quintal.  

Atta chakki delivery followed suit and lost Rs 25 to Rs 1,145-1,150 per 90 kg and atta flour mills shed Rs 5 to Rs 645-665 per 50 kg.

In the rice section, rice basmati Pusa-1121 variety declined by Rs 50 to Rs 4,100-4,850 and non-basmati permal raw and wand lost Rs 25 each to Rs 1,850-1,900 and Rs 2,000-2,100 per quintal, respectively.

On the other hand, bajra rose by Rs 40 to Rs 1,000-1,010 per quintal as industrial demand picked up.  

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,550-1,700, Wheat dara (for mills) 1,140-1,145 Chakki atta (delivery) 1,145-1,150, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 645-665 (50 kg), Maida 740-750 (50 kg) and Sooji 800-815 (50 kg)

Basmati rice (Lal Quila) 9,500, Shri Lal Mahal 9,300, super basmati rice 9,000, Basmati common 5,300-5,400, rice Pusa-(1121) 4,100-4,850, Permal raw 1,850-1,900, Permal wand 2,000-2,100, Sela 2,150-2,200 and Rice IR-8 1,775-1,825

Bajra 1,000-1,010, Jowar yellow 965-1,035, white 1,775-1,875, Maize 1,200-1,210, Barley 1,100-1,125 and Rajasthan 1,080-1,090