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Wheat recovers on fall in arrivals, rice basmati eases

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Press Trust of India New Delhi
Wheat prices moved up Rs 10 per quintal at the wholesale grains market today following restricted arrivals from producing belts against increased offtake by flour mills.

However, rice basmati traded lower due to fall in demand at prevailing levels.

Traders said besides fall in arrivals from producing regions, increased offtake by flour mills helped wheat prices to edge higher.

They said, however, muted demand from retailers at prevailing levels against sufficient stocks dragged down rice basmati.

In the national capital, wheat dara (for mills) recovered by Rs 10 to Rs 1,775-1,780 per quintal. Atta chakki delivery followed suit and enquired higher by Rs 15 to Rs 1,785-1,790 per 90 kg.
 

On the other hand, rice basmati common and Pusa-1121 variety slipped to Rs 5,800-6,000 and Rs 4,700-5,650 from previous levels of Rs 5,900-6,100 and Rs 4,850-5,800 per quintal, respectively.

Maize, however, fell by Rs 50 to Rs 1,450-1,460 per quintal on increased supplies against reduced offtake by consuming industries.

Following are today's quotations (in Rs per quintal):

Wheat MP (desi) Rs 2,360-2,600, Wheat dara (for mills) Rs 1,775-1,780, Chakki atta (delivery) Rs 1,785-1,790, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 950-960 (50 kg), Maida Rs 990-1,000 (50 kg) and Sooji Rs 1,050-1,065 (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 5,800-6,000, Rice Pusa (1121) Rs 4,700-5,650, Permal raw Rs 1,975-2,025, Permal wand Rs 2,150-2,225, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,840-1,850, Bajra Rs 1,630-1,635, Jowar yellow Rs 1,850-1,950, white Rs 3,500-3,600, Maize Rs 1,450-1,460, Barley Rs 1,640-1,645.

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First Published: Jun 03 2016 | 2:42 PM IST

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