Wheat weakens on reduced offtake, improved supply

Wheat prices fell by Rs 15 per quintal at the wholesale grains market due to fall in demand from flour mills amid pick up in supplies.
Elsewhere, other grains including rice after moving in a tight range on scattered support, managed to close at their previous levels.
Traders said reduced offtake by stockists against improved supplies in the market, mainly led to the fall in rice basmati prices.
In the national capital, wheat M (deshi) and wheat dara (for mills) were down by Rs 15 each to Rs 2,035-2,635 and R 1,705-1,710 per quintal, respectively.
Meanwhile, rice basmati common and Pusa- 1121 variety traded steady at Rs 5,300-5,400 and Rs 4,100-5,100 per quintal, respectively.

Other bold grains like, bajra and maize were also unaltered at Rs 1,570-1,575 and Rs 1,725-1,730 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,035-2,635, Wheat dara (for mills) Rs 1,705-1,710, Chakki atta (delivery) Rs 1,725-1,730, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs 900-910 (50 kg), Maida Rs 980-990 (50 kg) and Sooji Rs 1,030-1,040 (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 5,300-5,400, Rice Pusa (1121) Rs 4,100-5,100, Permal raw Rs 1,850-1,900, Permal wand Rs 2,050-2,100, Sela Rs 2,200-2,300 and Rice IR-8 Rs 1,600-1,620, Bajra Rs 1,570-1,575, Jowar yellow Rs 1,750-1,850, white Rs 3,300-3,400, Maize Rs 1,725-1,730, Barley Rs 1360-1370.