Wheat extends gains on rising demand

Wheat continued to rise for the fifth day by gaining by Rs 50 per quintal at the wholesale grains market today on persistent demand from flour mills.
Rice basmati also strengthened on pick up in demand.
Traders said increased demand from flour mills against restricted supplies mainly kept wheat prices higher.
In the national capital, wheat MP (desi) and wheat dara (for mills) gained Rs 50 each to Rs 2,800-3,335 and Rs 2,320-2,325 per quintal, respectively.
Atta chakki delivery followed suit and enquired higher by a similar margin to Rs 2,330-2,335 per 90 kg.
Atta flour mills, maida and sooji also settled higher at Rs 1,340-1,350, Rs 1,430-1,440 and Rs 1,480-1,490 from previous levels of Rs 1,260-1,270, Rs 1,340-1,360 and Rs 1,350-1,370 per 50 kg, respectively in line with a wheat trend.

In the rice section, rice basmati common and Pusa-1121 variety finished higher at Rs 5,800-5,900 and Rs 4,700-5,900 against last close of Rs 5,700-5,800 and Rs 4,500-5,700 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,800-3,335, Wheat dara (for mills) Rs 2,320-2,325, Chakki atta (delivery) Rs 2,330-2,335, Atta Rajdhani (10 kg) Rs 300, Shakti Bhog (10 kg) Rs 300, Roller flour mill Rs 1,340-1,350 (50 kg), Maida Rs 1,430-1,440 (50 kg)and Sooji Rs 1,480-1,490 (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 5,800-5,900, Rice Pusa (1121) Rs 4,700-5,900, 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 1,540-1,545, Jowar yellow Rs 1,850-1,900, white Rs 3,500-3,700, Maize Rs 1,680-1,690, Barley Rs 1,810-1,820.