Rice basmati remains weak on higher supply

Rice basmati prices fell further by Rs 200 per quintal at the wholesale pulses market today on persistent supplies from producing belts against lack of buying support from stockists.
However, other grains including wheat moved in a tight range in scattered deals and settled around previous levels.
Traders said adequate stocks position following increased supplies from producing regions mainly kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety moved down by Rs 200 each to Rs 5,800-6,400 and Rs 4,700-5,800 per quintal respectively.
Following are today's quotations (in Rs per quintal):
Wheat MP (deshi) 2,250-2,650, Wheat dara (for mills) 1,615-1,620, Chakki atta (delivery) 1,620-1,625, Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill Rs 860-870 (50 kg), Maida 915-920 (50 kg) and Sooji 960-980 (50 kg).

Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice 9,500, Basmati common new 5,800-6,400, Rice Pusa (1121) 4,700-5,800, Permal raw 1,800-1,825, Permal wand 1,950-2,050, Sela 2,600-2,625 and Rice IR-8 1,700-1,725, Bajra 1,080-1,085, Jowar yellow 1,300-1,375, white2,300-2,450, Maize 1,270-1,295, Barley 1,550-1,560.