Wheat prices remain weak on increased supplies

NEW DELHI: The slide in wheat prices remained unabated on the wholesale grains market today on increased supplies against reduced offtake by flour mills.

Bajra and barley also moved down on subdued demand. Marketmen said increased supplies in the face of reduced offtake by flour mills mainly kept pressure on wheat prices.

Subdued demand from consuming industries helped bajra and barley prices to trade lower, they said.

In the national capital, wheat dara (for mills) and wheat deshi remained under increased arrivals pressure and shed another Rs 20 to Rs 1,460-1,465 and Rs 2020-2220 per quintal, respectively.

Atta chakki delivery followed suit and traded lower by the same margin to Rs 1465-1470 per 90 kg.

Other bold grains like bajra and barley also declined by Rs 25 and Rs 20 to Rs 1,450-1,455 and Rs 1,360-1,380 per quintal respectively.

The following are today's quotations per quintal: Wheat MP (deshi) 2,020-2,220, Wheat dara (for mills) 1,460-1,465, Chakki atta (delivery) 1,465-1,470, Atta Rajdhani (10 kg) 210, Shakti bhog (10 kg) 210, Roller flour mill 800-820 (50 kg), Maida 850-880 (50 kg) and Sooji 960-990 (50kg).

Basmati rice (Lal Quila) 10,000, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 7,800-7,900, Rice Pusa-(1121) new 7,300-7,900, 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 1,450-1,455, Jowar yellow 1,500-1,550, white 2,200-2,400, Maize 1,570-1,580, Barley 1,360-1,380, Rajasthan 1,080-1,090.