Wheat softens on increased supply

Wheat prices declined by Rs 10 per quintal at the wholesale grains market today on ample stocks on increased arrivals from growing regions against reduced offtake by flour mills.
Maize also eased on subdued demand from consuming industries.
Traders said besides sluggish demand from flour mills, increased supplies from producing belts, mainly led to decline in wheat prices.
In the national capital, wheat dara (for mills) shed Rs 10 to Rs 1,790-1,795 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,800-1,805 per 90 kg.
Maize also declined by Rs 10 to Rs 1,400-1,405 per quintal.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,080-2,280, Wheat dara (for mills) Rs 1,790-1,795 Chakki atta (delivery) Rs 1,800-1,805, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 960-970 (50 kg), Maida Rs 980-9,90 (50 kg)and Sooji Rs 1,040-1,050 (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 7,700-7,800, Rice Pusa (1121) Rs 6,700-6,800, Permal raw Rs 2,325-2375, Permal wand Rs 2,375-2,425, Sela Rs 2,800-3,000 and Rice IR-8 Rs 1,975-2,025, Bajra Rs 1,200-1,205, Jowar yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,400- 1,405, Barley Rs 1,490-1,500.