Wheat remains weak on ample stocks, reduced offtake

Wheat prices fell further by Rs 25 per quintal at the wholesale grains market today on adequate stocks position on improved supplies from producing belts against reduced offtake by flour mills.
However, rice basmati firmed up on uptick in demand.
Traders said ample stocks on increased supplies from producing regions against reduced offtake by flour mills mainly pulled down wheat prices.
However, pick up in demand against restricted supplies helped rice basmati prices to trade higher, they said.
In the national capital, wheat dara (for mills) declined by another Rs 25 to Rs 1,780-1,785 per quintal. Atta chakki delivery followed suit and traded lower by Rs 20 to Rs 1,790-1,795 per 90 kg.

On the other hand, rice basmati common and Pusa-1121 variety edged higher to Rs 5,900-6,100 and Rs 4,800-5,700 as compared to previous levels of Rs 5,800-6,000 and Rs 4,700-5,650 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,300-2,850, Wheat dara (for mills) Rs 1,780-1,785, Chakki atta (delivery) Rs 1,790-1,795, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 930-960 (50 kg), Maida Rs 990-1,000 (50 kg) and Sooji Rs 1,060-1,070 (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 5,900-6,100, Rice Pusa (1121) Rs 4,800-5,700, 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 1,650-1,660, Barley Rs 1,680-1,685.