Rice basmati remains weak on low demand

Rice basmati drifted further lower by up to Rs 200 per quintal at the wholesale grains market today owing to slackened demand against adequate stocks position.
Other grains held steady in thin trade.
Traders said muted domestic and exports demand against adequate stocks position mainly kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa- 1121 variety settled lower at Rs 6,500-6,700 and Rs 5,250- 5,300 from previous levels of Rs 6,600-6,900 and Rs 5,300- 5,350 per quintal, respectively.
Permal raw, wand and sela also eased to Rs 2,200-2,225, Rs 2,250-2,275 and Rs 2,400-2,500 against last close of Rs 2,225-2,250, Rs 2,275-2,300 and Rs 2,500-2,600 per quintal, respectively in line with bamati trend.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,345, Wheat dara (for mills) Rs 1,770-1,775, Chakki atta (delivery) Rs 1,775-1,780, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 975-980 (50 kg), Maida Rs 1,010-1,020 (50 kg) and Sooji Rs 1,035-1,040 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 6,500-6,700, Rice Pusa (1121) Rs 5,250-5,300, Permal raw Rs 2,200-2,225, Permal wand Rs 2,250-2,275, Sela Rs 2,400-2,500 and Rice IR-8 Rs 1,850-1,900, Bajra Rs 1,190-1,200, Jowar yellow Rs 1,450-1,500, white Rs 2,900-3,100, Maize Rs 1,340-1,345, Barley Rs 1,500-1,510.