Wheat rises on increased offtake, rice weakens on low demand

In restricted activity, wheat prices were up by Rs 10 per quintal at the wholesale grains market today, supported by increased offtake by flour mills.
However, rice showed weakness due to fall in demand amid increased arrivals.
Elsewhere, movements in other grains were narrow on scattered enquiries.
Traders attributed the rise in wheat prices to increased offtake by rolling flour mills and stockists.
In the national capital, wheat dara (for mills) rose by Rs 10 to Rs 1,700-1,705 per quintal on increased demand from rolling flour mills. Wheat MP (desi) was also up by a similar margin to Rs 2,235-2,585 per quintal.

On the other hand, in the rice segment, rice basmati fell by Rs 100 to Rs 5,700-5,800, while rice Pusa (1121) traded lower by Rs 200 to Rs 4,500-5,350.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,325-2,585, Wheat dara (for mills) Rs 1,700-1,705, Chakki atta (delivery) Rs 1,695-1,700, Atta Rajdhani (10 kg) Rs 265, Shakti Bhog (10 kg) Rs 265, Roller flour mill Rs 890-900 (50 kg), Maida Rs 970-980 (50 kg) and Sooji Rs 1,000-1,020 (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 4,500-5,350, Permal raw Rs 1,925-1,975, Permal wand Rs 2,100-2,150, Sela Rs 2,600-2,700 and Rice IR-8 Rs 1,800-1,825, Bajra Rs 1,630-1,635, Jowar yellow Rs 1,850-1,950, white Rs 3,500-3,600, Maize Rs 1,500-1,510, Barley Rs 1,630-1,635.