Rice basmati, wheat slide on low demand

Prices of rice basmati and wheat fell by up to Rs 100 per quintal at the wholesale grains market today owing to sluggish demand.
Traders said besides easing demand, adequate stocks position mainly led to decline in rice basmati and wheat prices.
In the national capital, rice basmati common and Pusa 1121 variety fell by Rs 100 each to Rs 7,600-7,700 and Rs 6,200-6,300 per quintal, respectively.
Non-basmati rice permal raw, wand and IR-8 also shed Rs 25 each to Rs 2,300-2,350, Rs 2,350-2,400 and Rs 1,925-1,975 per quintal respectively in line with rice basmati trend.
Wheat dara (for mills) too declined by Rs 15 to Rs 1,770-1,775 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,780-1,785 per 90 kg. Maida shed Rs 10 to Rs 990-1,000 per 50 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,080-2,280, Wheat dara (for mills) Rs 1,770-1,785, Chakki atta (delivery) Rs 1,780-1,785, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 960-970 (50 kg), Maida Rs 990-1,000 (50 kg)and Sooji Rs 1,050-1,060 (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 7,600-7,700, Rice Pusa (1121) Rs 6,200-6,300, Permal raw Rs 2,300-2350, Permal wand Rs 2,350-2,400, Sela Rs 2,700-2,900 and Rice IR-8 Rs 1,925-1,975, Bajra Rs 1,215-1,220, Jowar yellow Rs 1,375-1,425, white Rs 2,750-2,850, Maize Rs 1,290- 1,295, Barley Rs 1,470-1,480.