Wheat eases on increased supply, reduced offtake

Wheat prices eased by Rs 5 per quintal in an otherwise steady wholesale grains market today following increased supplies from producing regions against reduced offtake by flour mills.
Elsewhere, other grains including rice basmati traded in a tight range on little doing and settled around previous levels.
Traders said besides reduced offtake by flour mills, adequate stocks position on higher supplies from producing belts kept pressure on wheat prices.
In the national capital,wheat dara (for mills) and wheat MP (desi) fell by Rs 5 each to Rs 1,645-1,650 and Rs 2,010- 2,615 per quintal respectively. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,650-1,655 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,010-2,615, Wheat dara (for mills) Rs 1,645-1,650, Chakki atta (delivery) Rs 1,650-1,655, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs 855-865 (50 kg), Maida Rs 940-950 (50 kg) and Sooji Rs 1,010-1,025 (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 5,500-5,600, Rice Pusa (1121) Rs 4,250-5,200, Permal raw Rs 1,850-1,900, Permal wand Rs 2,050-2,100, Sela Rs 2,200-2,300 and Rice IR-8 Rs 1,600-1,620, Bajra Rs 1,590-1,595, Jowar yellow Rs 1,800-1,900, white Rs 3,400-3,500, Maize Rs 1,700-1,710, Barley Rs 1,300-1,310.