Rice basmati remains weak on rising arrivals

Rice basmati prices fell further at the wholesale grains market today on adequate supplies following rising arrivals from producing belts.
However, wheat prices rose further on the back of increased buying by flour mills.
Traders said rising arrivals from producing regions mainly kept pressure on rice basmati prices.
However, increased buying by flour mills to meet rising demand ahead of festive season led to the rise in wheat prices, they said.
In the national capital, rice basmati common and Pusa-1121 variety 9,000-9,500 and Rs 7,300-9,300 against last close of Rs 9,200-9,800 and Rs 7,600-9,600 per quintal respectively.
On the other hand, wheat dara (for mills) advanced by Rs 10 to Rs 1,610-1,615 per quintal. Atta chakki delivery followed suit and enquired higher by similar margin to Rs 1,615-1,620 per 90 kg. Barley also gained Rs 20 to Rs 1640-1650 per quintal.

Following are today's quotations (in Rs per quintal):
Wheat MP (deshi) 2,245-2,445, Wheat dara (for mills) 1,610-1,615, Chakki atta (delivery) 1,615-1,620, Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 850- 875 (50 kg), Maida 915-925 (50 kg) and Sooji 1,030-1,050 (50 kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice 9,500, Basmati common new 9,000-9,500, Rice Pusa- (1121) new 7,300-9,300, Permal raw 2,100-2,150, Permal wand 2,250-2,300, Sela 2,750-2,800 and Rice IR-8 1,925-1,975,Bajra 1,240-1,245, Jowar yellow 1,400-1,420, white 2,325-2,525, Maize 1,225-1,230, Barley 1,640-1,650.