Grains prices drift lower for the week; demand falls

NEW DELHI: Weak conditions prevailed at the wholesale market during the week with prices of wheat and a few other bold grains drifting due to increased supplies from producing belts against reduced offtake by flour mills and stockists.

Marketmen said fall in demand by flour mills and stockists against increased supplies from growing regions mainly kept pressure on wheat and other bold grain prices.

In the national capital, wheat dara (for mills) fell by Rs 30 to Rs 1,650-1,655 per quintal. Atta chakki delivery followed suit and eased by the same margin to Rs 1,655-1,660 per 90 kg bag.

Atta flour mills and maida also eased to Rs 860-870 and Rs 920-930 against last close of Rs 880-890 and Rs 935-935 in line with wheat trend.

Other bold grains, maize and bajra were also down by Rs 20 each to Rs 1,200-1,210 and Rs 1,430-1,435 per quintal, respectively.

Barley too ended lower by Rs 10 to Rs 1,620-1,630 per quintal.

On the other hand, rice basmati common and Pusa-1121 variety moved in a narrow range during the period in limited deals and settled steady at last levels of Rs 5,600-6,100 and Rs 4,900-6,000 per quintal, respectively.