Rice basmati weakens on fall in demand

Rice basmati weakens on fall in demand
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NEW DLEHI: Rice basmati prices fell by up to Rs 400 per quintal at the wholesale grains market today owing to considerable fall in demand at prevailing higher levels.

Traders attributed the fall in rice basmati prices to fall in demand from stockists and rice mills at existing higher levels.

In the national capital, rice basmati common and Pusa-1121 variety slipped to Rs 7,400-7,600 and Rs 6,200-6,500 from previous levels of Rs 7,700-7,800 and Rs 6,600-6,700 per quintal respectively.

Following are today’s quotations (in Rs per quintal):

Wheat MP (desi) Rs 2,100-2,350, Wheat dara (for mills) Rs 1,760-1,765, Chakki atta (delivery) Rs 1,765-1,770, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 950-960 (50 kg), Maida Rs 990-1,000 (50 kg)and Sooji Rs 1,030-1,040 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs 7,400-7,600, Rice Pusa (1121) Rs 6,200-6,500, Permal raw Rs 2,200-2,225, Permal wand Rs 2,250-2,275, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,850-1,875, Bajra Rs 1,180-1,185, Jowar yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,270- 1,275, Barley Rs 1,435-1,445.