Rice basmati remains weak on muted demand

NEW DELHI, June 14: Rice basmati prices fell further by up to Rs 200 per quintal at the wholesale grains market today owing to fall in demand against adequate stocks position.
Maize also eased on subdued demand from consuming industries.
Traders said fall in demand against adequate stocks position mainly put pressure on rice basmati prices.
In the national capital, rice basmati common and Pusa 1121 variety slipped to Rs 6,600-6,800 and Rs 5,500-5,800 from previous levels of Rs 6,800-7,000 and Rs 5,600-5,900 per quintal, respectively.
Maize also shed Rs 10 to Rs 1,350-1,360 per quintal.
Following are today’s quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,345, Wheat dara (for mills) Rs 1,760-1,765, Chakki atta (delivery) Rs 1,765-1,770, Atta Rajdhani (10 kg) Rs 255-290, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 950-960 (50 kg), Maida Rs 960-970 (50 kg) and Sooji Rs 1,040-1,050 (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 6,600-6,800, Rice Pusa (1121) Rs 5,500-5,800, Permal raw Rs 2,225-2,250, Permal wand Rs 2,275-2,300, Sela Rs 2,500-2,600 and Rice IR-8 Rs 1,850-1,900, Bajra Rs 1,330-1,340, Jowar yellow Rs 1,550-1,600, white Rs 3,100-3,300, Maize Rs 1,350-1,360, Barley Rs 1,610-1,630.