Rice basmati remains up: wheat eases on ample stocks

Rice basmati prices advanced by upto Rs 100 per quintal at the wholesale grains market today on persistent buying by stockists, driven by rising demand from retailers against tight supply.
However, wheat drifted lower on reduced offtake by flour mills against adequate stocks position along with a weak trend at futures trade.
Traders said persistent buying by stockists in the wake of surging demand from retailers against tight stocks position on fall in arrivals from producing regions mainly kept rice basmati prices higher.
In the national capital,rice basmati common and Pusa-1121 variety rose further by Rs 100 and Rs 50 to Rs 6,400-6,500 and Rs 5,000-6,200 per quintal respectively.

On the other hand, wheat MP (desi) and wheat dara (for mills) eased to Rs 2,700-3,050 and Rs 2,010-2,050 against last close of Rs 2,750-3,150 and Rs 2,120-2,125 per quintal.
Atta chakki delivery followed suit and slipped to Rs 2,070-2,080 from Rs 2,130-2,135 per 90 kg.

Atta flour mills and maida also settled lower at Rs 1,125-1,130, Rs 1,190-1,200 from previous levels of Rs 1,145-1,150 and Rs 1,200-1,210 per 50 kg respectively in line with a wheat trend.
Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,700-3,050, Wheat dara (for mills) Rs 2,010-2,050, Chakki atta (delivery) Rs 2,070-2,080, Atta Rajdhani (10 kg) Rs 300, Shakti Bhog (10 kg) Rs 300, Roller flour mill Rs 1,125-1,130 (50 kg), Maida Rs 1,190-1,200 (50 kg) and Sooji Rs 1,270-1,275 (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 6,400-6,500, Rice Pusa (1121) Rs 5,000-6,200, Permal raw Rs 2,050-2,075, Permal wand Rs 2,150-2,200, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,850-1,860, Bajra Rs 1,470-1,475, Jowar yellow Rs 1,750-1,800, white Rs 3,500-3,700, Maize Rs 1,570-1,580, Barley Rs 1,800-1,820.