Rice basmati remains weak on low demand, adequate supply

Rice basmati prices drifted further lower by Rs 200 per quintal at the wholesale grains market today on fall in demand against ample stocks position.
Bajra and maize also eased on reduced of consuming industries.
Traders said easing demand from retailers and stockists against adequate stocks position mainly put pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety fell further by Rs 200 each to Rs 7,000- 7,100 and Rs 5,700-6,000 per quintal respectively.
Non-basmati rice permal raw, wand, sela and IR-8 also slipped to Rs 2,225-2,250, Rs 2,275-2,300, Rs 2,500-2,600 and Rs 1,850-1,900 as compared to previous levels of Rs 2,250- 2,275,Rs 2,300-2,350, Rs 2,700-2,800 and Rs 1,875-2,000 per quintal respectively in line with rice basmati trend.

Other bold grains like, bajra and maize too declined by Rs 20 and Rs 50 to Rs 1,330-1,340 and Rs 1,360-1,370 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,345, Wheat dara (for mills) Rs 1,755-1,760, Chakki atta (delivery) Rs 1,760-1,765, Atta Rajdhani (10 kg) Rs 255-290, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 950-960 (50 kg), Maida Rs 960-970 (50 kg) and Sooji Rs 1,040-1,050 (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 7,000-7,100, Rice Pusa (1121) Rs 5,700-6,000, Permal raw Rs 2,225-2,250, Permal wand Rs 2,275-2,300, Sela Rs 2,500-2,600 and Rice IR-8 Rs 1,850-1,900, Bajra Rs 1,330-1,340, Jowar yellow Rs 1,550-1,600, white Rs 3,100-3,300, Maize Rs 1,360-1,370, Barley Rs 1,610-1,630.