Wheat declines on higher supply, reduced offtake

NEW DELHI: Wheat prices fell by Rs 5 per quintal at the wholesale grains market today on reduced offtake by flour mills against adequate stocks following higher supplies from producing regions.

Traders said reduced offtake by flour mills against increased supplies led to decline in wheat prices.

In the national capital, wheat dara (for mills) declined by Rs 5 to Rs 1,650-1,655 per quintal. Atta chakki delivery followed suit and traded lower by similar margin to Rs 1,655-1,665 per 90 kg.

The following were today's quotations per quintal: Wheat MP (deshi) 2,070-2,270, Wheat dara (for mills) 1,650-1,655, Chakki atta (delivery) 1,655-1,665 Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 920-940 (50 kg), Maida 980-1020 (50 kg) and Sooji 1,030-1,040 (50kg).

Basmati rice ( Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 8,700-8,900, Rice Pusa-(1121) new 8,000-8,800, Permal raw 2,275-2,350, Permal wand 2,400-2,500, Sela 3,250-3,300 and Rice IR-8- 2,000-2,025, Bajra 1,230-1,235, Jowar yellow 1,400-1,450, white 2,300-2,500, Maize 1,420-1,425, Barley 1,360-1,365, Rajasthan 1,080-1,090.