Rice basmati remain up on rising demand, tight stocks

Rice basmati prices remained firm for the second straight day on rising demand from retailers against tight stocks position on fall in supplies from producing regions.
Maize also strengthened on increased offtake by consuming industries.
Traders said rising demand against tight stocks position on restricted supplies from producing regions mainly kept rice basmati prices higher.
In the national capital, rice basmati rice common and Pusa-1121 variety increased to Rs 5,800-6,000 and Rs 4,700-5,650 against last close of Rs 5,750-5,950 and Rs 4,675-5,600 per quintal, respectively.
Non-basmati rice permal raw, wand,sela and IR-8 also settled higher at Rs 2,000-2,050, Rs 2,175-2,250, Rs 3,000-3,050 and Rs 1,870-1,880 as compared to previous levels of Rs 1975-2025, Rs 2,150-2,225, Rs 2,800-2,900 and Rs 1,840-1,850 per quintal, respectively in line with rice basmati trend.

Other bold grains like maize advanced by Rs 25 to Rs 1,565-1,575 per quintal.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,270-2,820, Wheat dara (for mills) Rs 1,800-1,805, Chakki atta (delivery) Rs 1,810-1,815, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 960-970 (50 kg), Maida Rs 1,020-1,030 (50 kg) and Sooji Rs 1,070-1,080 (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 5,800-6,000, Rice Pusa (1121) Rs 4,700-5,650, Permal raw Rs 2,000-2,050, Permal wand Rs 2,175-2,250, Sela Rs 3,000-3,050 and Rice IR-8 Rs 1,870-1,880, Bajra Rs 1,630-1,635, Jowar yellow Rs 1,850-1,950, white Rs 3,500-3,600, Maize Rs 1,565-1,575, Barley Rs 1,670-1,675.