Rice basmati prices fall on higher supply

Rice basmati prices fell by Rs 100 per quintal at the wholesale grains market today due to adequate stocks on higher supplies against reduced offtake by stockists and retailers.
However, other grains continued to trade in a tight range in scattered deals and settled around previous levels.
Traders said adequate stocks position against subdued demand from retailers and stockists 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 5,500-6,100 and Rs 4,700-5,700 per quintal, respectively.
Following are today's quotations (in Rs per quintal):
Wheat MP (deshi) 2,270-2,670, Wheat dara (for mills) 1,675-1,680, Chakki atta (delivery) 1,680-1,685, Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill Rs 860-870 (50 kg), Maida 950-960 (50 kg) and Sooji 1,020-1,030 (50 kg).

Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice 9,500, Basmati common new 5,500-6,100, Rice Pusa (1121) 4,700-5,700, Permal raw 1,750-1,800, Permal wand 1,875-1,900, Sela 2,450-2,500 and Rice IR-8 1,575-1,625, Bajra 1,170-1,175, Jowar yellow 1,490-1,500,white 2,550-2,650, Maize 1,410-1,415, Barley 1,620-1,630.