Rice basmati remains weak on sluggish demand

NEW DELHI: Rice basmati remained weak and prices fell up to Rs 200 per quintal on the wholesale grains market today owing to sluggish demand against adequate supplies.

However, other grains held steady in limited deals. Traders said sluggish demand against adequate supplies mainly kept pressure on rice basmati prices.

In the national capital, rice basmati common and Pusa-1121 variety remained weak and lost Rs 200 each to Rs 7,000-7,100 and Rs 7,100-7,500 per quintal, respectively.