Rice basmati, wheat fall on sluggish demand

Prices of rice basmati and wheat fell by up to Rs 100 per quintal at the wholesale grains market today owing to slackened demand against sufficient stocks position.
Traders said easing demand from retailers at prevailing levels, led to the decline in rice basmati prices.
Reduced offtake by flour mills against adequate stocks position kept pressure on wheat prices, they said.
In the national capital, rice basmati common and Pusa-1121 variety moved down by Rs 100 each to Rs 6,400-6,500 and Rs 5,000-6,200 per quintal, respectively.
Wheat dara (for mills) also declined by Rs 20 to Rs 2,030-2,070 per quintal. Atta chakki delivery followed suit and enquired lower by a similar margin to Rs 2,100-2,110 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,700-3,050, Wheat dara (for mills) Rs 2,030-2,070, Chakki atta (delivery) Rs 2,100-2,110, Atta Rajdhani (10 kg) Rs 300, Shakti Bhog (10 kg) Rs 300, Roller flour mill Rs 1,125-1,130 (50 kg), Maida Rs 1,190-1,200 (50 kg) and Sooji Rs 1,270-1,275 (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 6,400-6,500, Rice Pusa (1121) Rs 5,000-6,200, Permal raw Rs 2,050-2,075, Permal wand Rs 2,150-2,200, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,850-1,860, Bajra Rs 1,480-1,485, Jowar yellow Rs 1,750-1,800, white Rs 3,500-3,700, Maize Rs 1,570-1,580, Barley Rs 1,800-1,820.