Wheat declines on reduced offtake, ample supply

Wheat prices declined by Rs 5 per quintal at the wholesale grains market today due to reduced offtake by flour mills against increased supplies from producing regions.
However, rice basmati and other grains traded in a tight range in the absence of worthwhile activity and settled at last levels.
Traders said increased supplies in the face of reduced offtake by flour mills mainly kept pressure on wheat prices.
In the national capital, wheat dara (for mills) declined by Rs 5 to Rs 1,525-1,530 per quintal. Atta chakki delivery followed suit and enquired lower by a similar margin to Rs 1,530-1,535 per 90 kg.

Following are today's quotations per quintal:
Wheat, MP (deshi) 2,160-2,360, Wheat dara (for mills) 1,525-1,530, Chakki atta (delivery) 1,530-1,535 Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 830-840 (50 kg), Maida 830-850 (50 kg) and Sooji 920-940 (50kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 8,900-9,300, Rice Pusa-(1121) new 7,700-9,400, Permal raw 2,175-2,225, Permal wand 2,225-2,325, Sela 2,750-2,850 and Rice IR-8- 1,800-1,850, Bajra 1,325-1,330, Jowar yellow 1,450-1,475, white 2,325-2,525, Maize 1,345-1,355, Barley 1,330-1,340.