Rice basmati declines on adequate supply

Rice basmati prices drifted by Rs 100 per quintal at the wholesale grains market today on adequate stocks position against subdued demand.
However, other grains after trading in a narrow range in scattered deals, settled around previous levels.
Traders said a sluggish demand against adequate stocks position mainly kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety fell by Rs 100 each to Rs 4,400-4,600 and Rs 3,600-4,300 per quintal, respectively.
Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,000-2,600, Wheat dara (for mills) Rs 1,690-1,720, Chakki atta (delivery) Rs 1,710-1,725, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs 910-915 (50 kg), Maida Rs 950-955 (50 kg) and Sooji Rs 1,100-1,105 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 10,500, Super Basmati Rice Rs 9,700, Basmati common new Rs 4,400-4,600, Rice Pusa (1121) Rs 3,600-4,300, Permal raw Rs 1,700-1,750, Permal wand Rs 1,850-1,870, Sela Rs 2,250-2,350 and Rice IR-8 Rs 1,600-1,615, Bajra Rs 1,230-1,240, Jowar yellow Rs 1,500-1,600, white Rs 3,000-3,100, Maize Rs 1,420-1,470, Barley Rs 1,370-1,380.