Rice basmati remains up on increased buying

Rice basmati prices rose further up to to Rs 300 per quintal at the wholesale grain market today on increased stockist buying against restricted supplies from producing regions.
However, maize eased on reduced offtake by consuming industries.
Traders said increased buying by stockists in the face of restricted supplies from producing regions mainly kept rice basmati prices higher.
The said reports of a likely fall in its kharif output further fuelled the uptrend in rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety edged higher to Rs 5,000-5,400 and Rs 4,200-5,000 from previous levels of Rs 5,000-5,100 and Rs 4,100-4,800 per quintal respectively. Shri Lal Mahal rice moved up by Rs 300 to Rs 10,800 per quintal.

Non-basmati rice permal raw, wand, sela and IR-8 also finished higher at Rs 1,800-1,825, Rs 1,950-2,050, Rs 2,350-2,450 and Rs 1,680-1,700 from previous close of Rs 1,700-1,750, Rs 1,850-1,870,Rs 2,250-2,350 and Rs 1,600-1,615 per quintal respectively in line with rice basmati firming trend.

On the other hand, maize fell by Rs 30 to Rs 1,500-1,550 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 10,800, Super Basmati Rice Rs 9,700, Basmati common new Rs 5,000-5,400, Rice Pusa (1121) Rs 4,200-5,000, Permal raw Rs 1,800-1,825, Permal wand Rs 1,950-2,050, 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 1,440-1,450.