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Wheat slides on ample stocks

Press Trust of India  |  New Delhi 

Wheat prices drifted lower by up to Rs 25 per quintal at the wholesale grains market today following ample stocks position against reduced offtake by flour mills.

However, bajra and barley moved up on uptick in demand from consuming industries.

Marketmen said, adequate stocks position on increased supplies from producing regions against reduced offtake by flour mills, mainly put pressure on wheat prices.

In the national capital, wheat (desi) and wheat dara (for mills) fell by Rs 25 and Rs 15 to Rs 2,100-2,345 and Rs 1,740-1,745 per quintal, respectively. Atta chakki delivery followed suit and traded lower by Rs 15 to Rs 1,745-1,750 per 90 kg.

On the other hand, bajra and barley rose by Rs 20 and Rs 15 to Rs 1,370-1,380 and Rs 1,565-1,585 per quintal, respectively.

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

Wheat MP (desi) Rs 2,100-2,345, Wheat dara (for mills) Rs 1,740-1,745, Chakki atta (delivery) Rs 1,745-1,750, Atta Rajdhani (10 kg) Rs 240, Shakti Bhog (10 kg) Rs 240, Roller flour mill Rs 950-960 (50 kg), Maida Rs 960-970 (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 9,800, Basmati common new Rs 7,400-7,500, Rice Pusa (1121) Rs 6,000-6,800, Permal raw Rs 2,250-2,275, Permal wand Rs 2,300-2,350, Sela Rs 2,700-2,800 and Rice IR-8 Rs 1,875-2,000, Bajra Rs 1,370-1,380, Jowar yellow Rs 1,600-1,650, white Rs 3,300-3,500, Maize Rs 1,440-1,450, Barley Rs 1,565-1,585.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 14:22 IST