Rice basmati, wheat decline on subdued demand

Prices of rice basmati and wheat drifted lower by up to Rs 100 per quintal at the wholesale grains market today owing to slackened demand against sufficient stocks position.
However, other bold grains held steady in thin trade.
Besides sluggish demand from retailers, traders said ample stocks position led to slide in rice basmati prices.
They said reduced offtake by flour mills kept pressure on wheat prices.
In the national capital, rice basmati common and Pusa-1121 variety fell by Rs 100 each to Rs 5,000-5,200 and Rs 4,175-4,950 per quintal, respectively.
Wheat dara (for mills) also eased by Rs 15 to Rs 1,800-1,805 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,805-1,810 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,300-2,835, Wheat dara (for mills) Rs 1,800-1,805, Chakki atta (delivery) Rs 1,805-1,810, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 970-980 (50 kg), Maida Rs 1,060-1,070 (50 kg) and Sooji Rs 1,090-1,100 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 5,000-5,200, Rice Pusa (1121) Rs 4,175-4,950, Permal raw Rs 2,000-2,050, Permal wand Rs 2,175-2,250, Sela Rs 2,850-2,900 and Rice IR-8 Rs 1,840-1,850, Bajra Rs 1,470-1,475, Jowar yellow Rs 1,900-2,000, white Rs 3,550-3,700, Maize Rs 1,540-1,545, Barley Rs 1,500-1,505.