Wheat extends slide on reduced offtake by flour mills

Wheat prices fell by Rs 5 at the wholesale grains market today due to reduced offtake by flour mills against adequate stocks.
However, other grains including rice basmati continued to trade in a narrow range in scattered deals and settled around previous levels.
Traders said reduced offtake by flour mills against ample stocks position on increased supplies from producing regions kept pressure on wheat.
In the national capital, wheat dara (for mills) fell further by Rs 5 to Rs 1,795-1,800 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,800-1,805 per 90 kg.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,285-2,835, Wheat dara (for mills) Rs 1,795-1,800, Chakki atta (delivery) Rs 1,800-1,805, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 970-980 (50 kg), Maida Rs 1,020-1,030 (50 kg) and Sooji Rs 1,070-1,080 (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 5,800-6,000, Rice Pusa (1121) Rs 4,700-5,650, Permal raw Rs 2,000-2,050, Permal wand Rs 2,175-2,250, Sela Rs 3,000-3,050 and Rice IR-8 Rs 1,870-1,880, Bajra Rs 1,660-1,670, Jowar yellow Rs 1,900-2,000, white Rs 3,500-3,600, Maize Rs 1,625-1,635, Barley Rs 1,680-1,685.