Rice basmati rises on fresh buying; wheat ends lower
Rice basmati prices rose by Rs 100 per quintal on the wholesale grains market today on fresh buying by stockists.
By PTI |
NEW DELHI: Rice basmati prices rose by Rs 100 per quintal on the wholesale grains market today on fresh buying by stockists.
However, wheat eased on increased supplies against reduced offtake by flour mills.
Traders said fresh buying by stockists mainly led to rise in rice basmati prices.
However, increased supplies from producing region against reduced offtake by flour mills kept pressure on wheat prices, they said.
In the national capital, rice basmati Pusa-1121 variety rose by Rs 100 to Rs 7,500-7,700 per quintal.
On the other hand, wheat dara (for mills) fell by Rs 25 to Rs 1620-1625 per quintal. Atta chakki delivery followed suit and lost Rs 20 at Rs 1630-1635 per 90 kg. Maida also declined by Rs 10 to Rs 950-970 per 50 kg.
However, wheat eased on increased supplies against reduced offtake by flour mills.
Traders said fresh buying by stockists mainly led to rise in rice basmati prices.
However, increased supplies from producing region against reduced offtake by flour mills kept pressure on wheat prices, they said.
In the national capital, rice basmati Pusa-1121 variety rose by Rs 100 to Rs 7,500-7,700 per quintal.
On the other hand, wheat dara (for mills) fell by Rs 25 to Rs 1620-1625 per quintal. Atta chakki delivery followed suit and lost Rs 20 at Rs 1630-1635 per 90 kg. Maida also declined by Rs 10 to Rs 950-970 per 50 kg.
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