Rice basmati eases on sluggish demand

NEW DELHI, May 25:  Prices of rice basmati weakened on the wholesale grains market today on sluggish demand against sufficient supplies.

However, other grains moved in a narrow range on alternate bouts of trading and settled around previous levels.

Traders said sluggish demand against increased supplies from producing belts mainly kept pressure on rice basmati prices.

In the national capital,rice basmati common and Pusa-1121 variety eased to Rs 7,900-8,000 and Rs 7,750-8,400 against last close of Rs 8,000-8,100 and Rs 7,900-8,500 per quintal, respectively.

The following were today’s quotations per quintal:

Wheat MP (deshi) 2,000-2,200, Wheat dara (for mills) 1,575-1,580, Chakki atta (delivery) 1,580-1,585 Atta Rajdhani (10 kg) 210, Shakti bhog (10 kg) 210, Roller flour mill 815-825 (50 kg), Maida 840-880 (50 kg) and Sooji 900-950 (50kg).

Basmati rice (Lal Quila) 10,000, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 7,900-8,000, Rice Pusa-(1121) new 7,750-8,400, Permal raw 2,300-2,550, Permal wand 2,500-2,600, Sela 3,500-3,600 and Rice IR-8- 1,900-1,950, Bajra 1,500-1,505, Jowar yellow 1,600-1,650, white 2,300-2,500, Maize 1,425-1,430, Barley 1,250-1,255, Rajasthan 1,080-1,090. (PTI)