Wheat, basmati rice weaken on higher supply

Weak conditions prevailed at the wholesale grains market today as wheat and basmati rice prices drifted on adequate supplies against reduced offtake.
Traders said reduced offtake by flour mills and stockists against higher supplies from producing belts mainly kept pressure on wheat and other grains prices.
In the national capital, wheat dara (for mills) declined by Rs 10 to Rs 1,600-1,605 per quintal. Atta chakki delivery followed suit and eased to Rs 1,610-1,620 against last close of Rs 1,615-1,620 per 90 kg.
Atta flour mills, maida and sooji also weakened to Rs 850-860,Rs 905-915 and Rs 1040-1060 from previous levels of Rs 855-865, Rs 915-925 and Rs 1,090-1,100 per 50 kg respectively on easing demand.

Bajra too traded lower by Rs 5 to Rs 1,155-1,160 per quintal.
In the rice section, basmati Pusa-1121 and common variety slipped to Rs 6,000-8,000 and Rs 7,700-8,100 against last close of Rs 6,500-8,200 and Rs 7,700-8,200 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (deshi) 2,245-2,445, Wheat dara (for mills) 1,600-1,605, Chakki atta (delivery) 1,610-1,620, Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill Rs 850-860 (50 kg), Maida 905-915 (50 kg) and Sooji 1,040-1,060 (50 kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice 9,500, Basmati common new 7,700-8,100, Rice Pusa (1121) 6,000-8,000, Permal raw 2,100-2,150, Permal wand 2,250-2,300, Sela 2,650-2,700 and Rice IR-8 1,925-1,975,Bajra 1,155-1,160, Jowar yellow 1,375-1,400, white 2,300-2,500, Maize 1,240-1,245, Barley 1,600-1,605.