Basmati rice falls on increased supply

Rice prices declined up to Rs 100 per quintal on the wholesale grains market today on sluggish demand against increased arrivals from producing belts.

Elsewhere, other grains prices moved in a narrow range in restricted buying activity and settled around previous levels.

Traders said adequate stocks positions, following increased arrivals from producing belts amid subdued demand, mainly led to a decline in wholesale rice prices.

In the rice section, basmati common declined by Rs 100 to Rs 5,300-5,400 per quintal. 

Following are today's quotations in Rs per quintal:

Wheat MP (deshi) 1,650-1,750, wheat dara (for mills) 1,260-1,265 chakki atta (delivery) 1,265-1,270, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 675-695 (50 kg)

 

Maida 765-795 (50 kilos) and Sooji 885-905 (50 kg) Basmati rice (Lal Quila) 9,400, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,300-5,400, rice Pusa-(1121) 4,400-5,000

Permal raw 1,955-2,005, Permal wand 2,030-2,180, Sela 2,255-2,305 and Rice IR-8 1,785-1,810, Bajra 800-810, Jowar yellow 1,050-1,150, white 2,050-2,100, Maize 1,070-1,080, Barley (UP) 1,100-1,120 and Rajasthan 1,080-1,090