Rice basmati extends losses on low demand

Rice basmati prices fell further by Rs 300 per quintal at the wholesale grains market today owing to muted demand against sufficient stocks position.
Wheat also eased on reduced offtake by flour mills.
Traders said fall in demand against ample stocks position on increased supplies from producing belts mainly kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety declined by Rs 300 each to Rs 7,000-7,100 and Rs 5,700-5,800 per quintal respectively.
Wheat dara (for mills) also slipped by Rs 20 to Rs 1,790-1,795 per quintal. Atta chakki delivery followed suit and traded lower by Rs 15 to Rs 1,800-1,805 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,350, Wheat dara (for mills) Rs 1,790-1,795, Chakki atta (delivery) Rs 1,800-1,805, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 980-990 (50 kg), Maida Rs 1,000-1,010 (50 kg)and Sooji Rs 1,060-1,080 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 7,000-7,100, Rice Pusa (1121) Rs 5,700-5,800, Permal raw Rs 2,200-2,225, Permal wand Rs 2,250-2,275, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,850-1,875, Bajra Rs 1,180-1,185, Jowar yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,270- 1,275, Barley Rs 1,435-1,445.