Rice basmati weakens on low demand

Rice basmati prices slipped by Rs 200 per quintal at the wholesale grains market today on the back of easing demand against ample stocks position.
A few other bold grains also declined on reduced offtake by consuming industries.
Traders said tepid demand against sufficient stocks position, mainly led to the decline in rice basmati prices.
In the national capital, rice basmati common and Pusa- 1121 variety slipped by Rs 200 each to Rs 6,000-6,100 and Rs 4,600-4,625 per quintal, respectively.
Other bold grains like bajra and maize also eased to Rs 1,150-1,155 and Rs 1,290-1,300 against last close of Rs 1,190 -1,200 and Rs 1,300-1,305 per quintal, respectively.

Jowar yellow and white too finished lower at Rs 1,400- 1,450 and Rs 2,800-2,900 from previous levels of Rs 1,450- 1,500 and Rs 2,900-3,100 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,350, Wheat dara (for mills) Rs 1,760-1,765, Chakki atta (delivery) Rs 1,765-1,770, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 970-980 (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 6,000-6,100, Rice Pusa (1121) Rs 4,600-4,625, Permal raw Rs 2,150-2,175, Permal wand Rs 2,200-2,225, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,825-1,850, Bajra Rs 1,150-1,155, Jowar yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,290-1,300, Barley Rs 1,465-1,475.