Basmati rice remains weak on sluggish demand

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NEW DELHI (INDIA): Basmati rice prices went down by Rs 100 per quintal at the wholesale grains market today on muted demand.

However, other grains held steady in thin trade.

Traders said adequate stocks position against tepid demand mainly kept pressure on rice basmati prices.

In the national capital, rice basmati Pusa-1121 and common remained weak and shed another Rs 100 each to Rs 4,900-4,950 and Rs 6,200-6,400 per quintal respectively.

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

Wheat MP (desi) Rs 2,100-2,350, Wheat dara (for mills) Rs 1,765-1,770, Chakki atta (delivery) Rs 1,770-1,775, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 970-980 (50 kg), Maida Rs 1,010-1,020 (50 kg)and Sooji Rs 1,035-1,040 (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 6,200-6,400, Rice Pusa (1121) Rs 4,900-4,950, Permal raw Rs 2,150-2,175, Permal wand Rs 2,200-2,225, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,825-1,850, Bajra Rs 1,180-1,190, Jowar yellow Rs 1,450-1,500, white Rs 2,900-3,100, Maize Rs 1,300-1,305, Barley Rs 1,465-1,475.