Wheat prices weaken on higher supply

NEW DELHI: Wheat prices weakened by Rs 5 per quintal in lacklustre trade on the wholesale grains market today on adequate supplies against reduced offtake by flour mills.

However, other grains moved in a tight range in limited deals and settled around previous levels.

Traders said reduced offtake by flour mills against adequate stocks position mainly put pressure on wheat prices.

In the national capital,wheat dara (for mills) slipped by Rs 5 each to Rs 1,570-1,575 per quintal. Atta chakki delivery traded lower by the same margin to Rs 15,75-1,580 per 90 kg.

The following were today's quotations per quintal: Wheat MP (deshi) 2,000-2,200, Wheat dara (for mills) 1,570-1,575, Chakki atta (delivery) 1,575-1,580 Atta Rajdhani (10 kg) 210, Shakti bhog (10 kg) 210, Roller flour mill 815-825 (50 kg), Maida 840-880 (50 kg) and Sooji 900-950 (50kg).

Basmati rice (Lal Quila) 10,000, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new 7,900-8,000, Rice Pusa-(1121) new 7,750-8,400, Permal raw 2,300-2,550, Permal wand 2,500-2,600, Sela 3,500-3,600 and Rice IR-8- 1,900-1,950, Bajra 1,500-1,505, Jowar yellow 1,600-1,650, white 2,300-2,500, Maize 1,425-1,430, Barley 1,250-1,255, Rajasthan 1,080-1,090.