Rice basmati declines on sluggish demand

NEW DELHI: Prices of basmati rice fell up to Rs 200 per quintal in wholesale grain's market today owing to slackened demand against adequate stocks position.

However, bajra and barley found fresh buying support from consuming industries and ended higher.

Marketmen said sluggish demand at prevailing higher levels against sufficient supplies mainly kept pressure on basmati rice prices.

They said fresh buying by consuming industries against restricted arrivals mainly led to a rise in bajra and barley prices.

In the national capital, rice basmati common and Pusa-1121 variety fell by Rs 100 and Rs 200 to Rs 6,800-6,900 and Rs 6,300-6,900 per quintal, respectively.

On the other hand, bajra and barley moved up by Rs 35 and Rs 20 to Rs 1,400-1,405 and Rs 1,450-1,460 per quintal, respectively.

The following are today's quotations per quintal: Wheat MP (deshi) 2,050-2,250, Wheat dara (for mills) 1,555-1,560, Chakki atta (delivery) 1,565-1,570, Atta Rajdhani (10 kg) 210, Shakti bhog (10 kg) 210, Roller flour mill 830-850 (50 kg), Maida 860-890 (50 kg) and Sooji 920-950 (50kg).

Basmati rice (Lal Quila) 9,500, Shri Lal Mahal 9,500, Super Basmati Rice, 9,000, Basmati common new 6,800-6,900, Rice Pusa-(1121) new 6,300-6,900, Permal raw 1,900-2,000, Permal wand 2,175-2,225, Sela 2,400-2,450 and Rice IR-8 1,550-1,600, Bajra 1,400-1,405.

Jowar yellow: 1,425-1,450, white 2,250-2,450, Maize 1,510- 1,540, Barley 1,450-1,460, Rajasthan 1,080-1,090. PTI SUN RS KPS SJS RAH DKR 01151426 NNNN