Basmati rice eases on adequate supply

By | January 28, 2015

Prices of basmati rice eased at wholesale market here today following adequate supplies against subdued demand.

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

Traders said adequate stocks position on increased supplies from producing belts against sluggish demand mainly kept pressure on rice basmati prices.

In the national capital, rice basmati common and Pusa 1121 variety eased to Rs 5,300-5,800 and Rs 4,600-5,700 against last close of Rs 5,400-6,000 and Rs 4,750-5,800 per quintal respectively.

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

Wheat MP (deshi) 2,270-2,670, Wheat dara (for mills) 1,675-1,680, Chakki atta (delivery) 1,680-1,685, Atta Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill Rs 890-900 (50 kg), Maida 960-965 (50 kg) and Sooji 1000-1010 (50 kg).

Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice 9,500, Basmati common new 5,300-5,800, Rice Pusa (1121) 4,600-5,700, Permal raw 1,750-1,800, Permal wand 1,875-1,900, Sela 2,450-2,500 and Rice IR-8 1,575-1,625, Bajra 1,220-1,225, Jowar yellow 1,470-1,500,white 2,500-2,600, Maize 1,405-1,410, Barley 1,650-1,660.