Rice basmati weakens on sluggish demand

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Rice basmati weakens on sluggish demand

New Delhi, May 1 (PTI) Rice basmati prices softened by Rs 100 per quintal in an otherwise steady wholesale grains market today owing to slackened demand.

However, other grains held steady in thin trade.

Traders said tepid demand against ample stocks position mainly weighed on rice basmati prices.

In the national capital, rice basmati Pusa-1121 variety eased by Rs 100 to Rs 6,600-7,700 per quintal.

Following are today’s quotations (in Rs per quintal): Wheat MP (desi) Rs 2,200-2,500, Wheat dara (for mills) Rs 1,735-1,740, Chakki atta (delivery) Rs 1,740-1,745, Atta Rajdhani (10 kg) Rs 240, Shakti Bhog (10 kg) Rs 240, Roller flour mill Rs 960-970 (50 kg), Maida Rs 1,000-1,020 (50 kg) and Sooji Rs 1,100-1,110 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 8,300-8,400, Rice Pusa (1121) Rs 6,600-7,700, Permal raw Rs 2,300-2,350, Permal wand Rs 2,450-2,500, Sela Rs 3,100-3,200 and Rice IR-8 Rs 2,050-2,100, Bajra Rs 1,390-1,400, Jowar yellow Rs 1650-1700, white Rs 3,350-3,550, Maize Rs 1,520-1,530, Barley Rs 1,570-1,590.

This is published unedited from the PTI feed.