Rice basmati weakens on muted demand

New Delhi, Jul 16 (PTI) Prices of rice basmati declined by Rs 100 per quintal owing to slackened demand from retailers against sufficient stocks.
Barley and bajra also declined on reduced offtake by consuming industries.
Traders said subdued demand from retailers against ample stocks position kept pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa-1121 variety fell by Rs 100 each to Rs 5,700-5,900 and Rs 4,500-5,400 per quintal respectively.
Other bold grains like barley and bajra also moved down by Rs 20 and Rs 30 to Rs 1,540-1,545 and Rs 1,530-1,540 per quintal respectively.
Following are today’s quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,300-2,850, Wheat dara (for mills) Rs 1,780-1,785, Chakki atta (delivery) Rs 1,790-1,795, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 940-970 (50 kg), Maida Rs 1,000-1,010 (50 kg) and Sooji Rs 1,070-1,080 (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 5,700-5,900, Rice Pusa (1121) Rs 4,500-5,400, Permal raw Rs 2,000-2,050, Permal wand Rs 2,175-2,250, Sela Rs 3,000-3,050 and Rice IR-8 Rs 1,870-1,880, Bajra Rs 1,530-1,540, Jowar yellow Rs 1,900-2,000, white Rs 3,500-3,600, Maize Rs 1,550-1,560, Barley Rs 1,540-1,545. (PTI)