Rice basmati remains weak on sluggish demand

Rice basmati prices fell by Rs 100 per quintal at the wholesale grains market today owing to slackened demand from stockists and exporters against sufficient supplies from producing belts.
However, other grains settled around previous levels after moving in a narrow range in scattered deals.
Traders said adequate stocks position in the market following increased supplies from producing belts against sluggish demand from stockists and exporters mainly kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa 1121 variety moved down by Rs 100 each to Rs 5,700-6,300 and Rs 4,600-5,700 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 5,700-6,300, Rice Pusa (1121) 4,600-5,700, 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, white 2,300-2,450,Maize 1,270-1,295, Barley 1,550-1,560.