Wheat prices ease on adequate supply, reduced offtake

NEW DELHI: Wheat prices fell by Rs 20 per quintal on the wholesale grains market today on adequate supplies from producing belts against reduced offtake by flour mills.

Marketmen said adequate supplies from producing regions against reduced offtake by flour mills mainly kept pressure on wheat prices.

Expectations of bumper crop this season also influenced wheat prices, they said.

In the national capital, wheat dara (for mills) fell by Rs 20 to Rs 1,560-1,565 per quintal. Atta chakki delivery followed suit and traded lower by the same margin to Rs 1,565-1,570 per 90 kg. Atta flour mills, maida and sooji were also enquired lower by Rs 10 each at Rs 820-840, Rs 875-920 and Rs 980-1,010 per 50 kg respectively in line with a weak wheat trend.

The following are today's quotations per quintal: Wheat MP (deshi) 2,060-2,260, Wheat dara (for mills) 1,560-1,565, Chakki atta (delivery) 1,565-1,570, Atta Rajdhani (10 kg) 210, Shakti bhog (10 kg) 210, Roller flour mill 820-840 (50 kg), Maida 875-920 (50 kg) and Sooji 980-1,010 (50kg).

Basmati rice (Lal Quila) 10,000, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 7,500-7,600, Rice Pusa-(1121) new 7,000-7,600, Permal raw 2,250-2,300, Permal wand 2,450-2,550, Sela 3,500-3,600 and Rice IR-8 1,800-1,850, Bajra 1,425-1,430, Jowar yellow 1,450-1,500, white 2,250-2,450, Maize 1,500-1,510, Barley 1,380-1,400, Rajasthan 1,080-1,090.