Wheat eases on adequate supply, reduced offtake

NEW DELHI, July 6:  Wheat prices eased by Rs 5 per quintal on the wholesale grains market in a restricted activity here today due to reduced offtake by flour mills against adequate supplies on increased arrivals from producing belts.
However, other grains moved in a tight range in scattered deals and settled around previous levels.
Traders said reduced offtake by flour mills in the face of increased supplies from producing regions mainly put pressure on wheat prices.
In the national capital, wheat dara (for mills) declined by Rs 5 to Rs 1,565-1,570 per quintal. Atta chakki delivery also traded lower by the same margin to Rs 1,570-1,575 per 90 kg.
The following were today’s quotations per quintal:
Wheat MP (deshi) 2,050-2,250, Wheat dara (for mills) 1,565-1,570, Chakki atta (delivery) 1,570-1,575 Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 840-870 (50 kg), Maida 900-925 (50 kg) and Sooji 940-970 (50kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 7,000-7,100, Rice Pusa-(1121) new 7,100-7,500, Permal raw 2,250-2,300, Permal wand 2,400-2,500, Sela 3,250-3,300 and Rice IR-8- 1,900-1,950, Bajra 1,550-1,560, Jowar yellow 1,650-1,700, white 2,450-2,700, Maize 1,505-1,510, Barley 1,270-1,275, Rajasthan 1,080-1,090. (PTI)