Rice basmati prices extend gains on increased buying

Rice basmati prices extended gains for yet another day by gaining up to Rs 300 per quintal at the wholesale grain market today on increased buying by stockists against tight supplies from producing regions.
However, barley declined on reduced offtake by consuming industries.
Traders said persistent buying by stockists against restricted supplies from producing regions, mainly kept rice basmati prices higher.
Reports of a likely fall in kharif output further fuelled the uptrend, they said.
In the national capital, rice basmati common and Pusa-1121 variety rose further to Rs 5,700-6,200 and Rs 4,700-5,700 from previous levels of Rs 5,400-5,900 and Rs 4,500-5,500 per quintal, respectively.

On the other hand, barley traded lower by Rs 10 to Rs 1,430-1,440 per quintal.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,000-2,600, Wheat dara (for mills) Rs 1,685-1,715, Chakki atta (delivery) Rs 1,705-1,720, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs 900-905 (50 kg), Maida Rs 945-950 (50 kg) and Sooji Rs 1,090-1,095 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 5,700-6,200, Rice Pusa (1121) Rs 4,700-5,700, Permal raw Rs 1,850-1,875, Permal wand Rs 2,000-2,100, Sela Rs 2,350-2,450 and Rice IR-8 Rs 1,680-1,700, Bajra Rs 1,285-1,295, Jowar yellow Rs 1,600-1,700, white Rs 3,100-3,200, Maize Rs 1,500-1,550, Barley Rs 1,430-1,440.