India. Wheat remains weak on adequate stocks

17.03.2017

Wheat prices fell further by Rs 50 per quintal at the wholesale grains market today due to reduced offtake by flour mills against ample stocks position.

Barley also finished lower on low demand from consuming industries.

Traders said, reduced offtake by flour mills against adequate stocks position following increased arrivals from producing belts, mainly kept pressure on wheat prices.

In the national capital, wheat (desi) and wheat dara (for mills) fell by Rs 50 each to Rs 2,350-2,650 and Rs 1,850-1,860 per quintal, respectively. Atta chakki delivery followed suit and shed Rs 10 at Rs 1920-1950 per 90 kg.

Atta flour mills and maida also declined by Rs 10 each to Rs 1,030-1,040 and Rs 1,130-1,140 per 50 kg.

Other bold grains, barley too traded lower by Rs 50 to Rs 1,550-1,570 per quintal.

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

Wheat MP (desi) Rs 2,350-2,650, Wheat dara (for mills) Rs 1,850-1,860, Chakki atta (delivery) Rs 1,920-1,950, Atta Rajdhani (10 kg) Rs 260, Shakti Bhog (10 kg) Rs 260, Roller flour mill Rs 1,030-1,040 (50 kg), Maida Rs 1,130-1,140 (50 kg) and Sooji Rs 1,250-1,260 (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 7,600-7,700, Rice Pusa (1121) Rs 6,150-7,600, Permal raw Rs 2,275-2,300, Permal wand Rs 2,400-2,450, Sela Rs 3,100-3,200 and Rice IR-8 Rs 2,025-2,050, Bajra Rs 1,400-1,410, Jowar yellow Rs 1650-1700, white Rs 3,350-3,550, Maize Rs 1,540-1,550, Barley Rs 1,550-1,570.


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