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Rice basmati rises on stockists buying


Rice basmati prices rose sharply by Rs 300 per quintal at the wholesale grains market today on increased buying by stockists following uptick in demand against restricted supplies.

Wheat also moved up on increased offtake by flour mills.

Traders said increased buying by stockists due to pick up in demand against tight supplies from producing regions mainly pushed up rice basmati prices.

They said increased offtake by flour mills kept wheat prices higher.

In the national capital, rice basmati common and Pusa-1121 variety shot up by Rs 300 each to Rs 7,300-7,400 and Rs 6,000-7,200 per quintal respectively.

Non basmati rice permal raw, wand, sela and IR-8 followed suit and settled higher at Rs 2,200-2,250, Rs 2,300-2,400, Rs 3,000-3,100 and Rs 2,000-2,025 as compared to previous levels of Rs 2,050-2,075,Rs 2,150-2,200, Rs 2,800-2,900 and Rs 1,850 -1,860 per quintal respectively.

Wheat (desi) and wheat dara for (mills) also rose by Rs 50 and Rs 20 to Rs 2,850-3,150 and Rs 2,090-2,100 per quintal respectively. Atta chakki delivery followed suit and traded higher by Rs 20 to Rs 2,110-2,140 per 90 kg.

Following are today’s quotations (in Rs per quintal): Wheat MP (desi) Rs 2,850-3,150, Wheat dara (for mills) Rs 2,090-2,100, Chakki atta (delivery) Rs 2,110-2,140, Atta Rajdhani (10 kg) Rs 285, Shakti Bhog (10 kg) Rs 285, Roller flour mill Rs 1,140-1,150 (50 kg), Maida Rs 1,200-1,210 (50 kg)and Sooji Rs 1,270-1,275 (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 7,300-7,400, Rice Pusa (1121) Rs 6,000-7,200, Permal raw Rs 2,200-2,250, Permal wand Rs 2,300-2,400, Sela Rs 3,000-3,100 and Rice IR-8 Rs 2,000-2,025, Bajra Rs 1,460-1,500, Jowar yellow Rs 1,750-1,800, white Rs 3,500-3,700, Maize Rs 1,610-1,620, Barley Rs 1,800-1,820.

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)