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Wheat slides on increased supply

Press Trust of India  |  New Delhi 

Wheat prices fell by up to Rs 30 per quintal at the wholesale grains market today on the back of increased arrivals from producing belts against reduced offtake by flour mills.

However, bajra moved up on upsurge in demand from consuming industries.

Traders said besides reduced offtake by flour mills, adequate stocks position on increased arrivals in the market from producing regions, mainly weighed on wheat prices.

In the national capital, wheat MP (desi) and wheat dara (for mills) eased to Rs 2,150-2,350 and Rs 1,850-1,855 against last close of Rs 2,180-2,375 and Rs 1,875-1,880 per quintal respectively. Atta chakki delivery followed suit and slipped to Rs 1,855-1,860 from previous level of Rs 1,885-1,890 per 90 kg.

On the other hand, bajra rose by Rs 30 to Rs 1,190-1,195 per quintal.

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

Wheat MP (desi) Rs 2,150-2,350, Wheat dara (for mills) Rs 1,850-1,855, Chakki atta (delivery) Rs 1,855-1,860, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 1,010-1,020 (50 kg), Maida Rs 1,050-1,060 (50 kg)and Sooji Rs 1,080-1,090 (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 6,200-6,300, Permal raw Rs 2,250-2300, Permal wand Rs 2,300-2,350, Sela Rs 2,500-2,700 and Rice IR-8 Rs 1,900-1,925, Bajra Rs 1,190-1,195, Jowar yellow Rs 1,350-1,400, white Rs 2,700-2,800, Maize Rs 1,300- 1,305, Barley Rs 1,510-1,520.

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

First Published: Tue, November 14 2017. 14:22 IST