Wheat slips on higher supply, rice basmati edges up

Wheat prices fell by Rs 20 per quintal at the wholesale grains market today on sufficient stocks position due to pick-up in arrivals from growing regions against reduced offtake by flour mills.
However, rice basmati went up on stockists' buying.
Traders said besides adequate stocks position on increased supplies from producing belts, reduced offtake by flour mills, mainly led to the decline in wheat prices.
In the national capital, wheat MP (desi) and wheat dara (for mills) settled lower at Rs 2,145-2,355 and Rs 1,835 -1,840 from previous levels of Rs 2,145-2,375 and Rs 1,855- 1,860 per quintal respectively. Atta chakki delivery followed suit and traded lower by Rs 30 to Rs 1,830-1,835 per 90 kg.

Atta flour mills, maida and sooji also quoted lower at Rs 980-990, Rs 1,025-1,030 and Rs 1,060-1,080 instead of Rs 1,000-1,010, Rs 1,030-1,040 and Rs 1,080-1,100 per 50 kg respectively in line with wheat trend.
On the other hand, rice basmati common and Pusa-1121 variety went up by Rs 100 each to Rs 7,900-8,000 and Rs 6,400-6,500 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,145-2,355, Wheat dara (for mills) Rs 1,835-1,840, Chakki atta (delivery) Rs 1,830-1,835, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 980-990 (50 kg), Maida Rs 1,025-1,030 (50 kg)and Sooji Rs 1,060-1,080 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 7,900-8,000, Rice Pusa (1121) Rs 6,400-6,500, Permal raw Rs 2,250-2,300, Permal wand Rs 2,300-2,350, Sela Rs 2,500-2,700 and Rice IR-8 Rs 1,900-1,925, Bajra Rs 1,160-1,165, Jowar yellow Rs 1,350-1,400, white Rs 2,700-2,800, Maize Rs 1,300- 1,305, Barley Rs 1,540-1,550.