Wheat softens on ample stocks

NEW DELHI, July 22:  Wheat prices drifted lower by Rs 15 per quintal at the wholesale grains market today due to reduced offtake by flour mills against ample stocks position.
However, other grains moved in a narrow range in limited deals and settled around previous levels.
Traders said besides reduced offtake by flour mills, adequate stocks position mainly led to the decline in wheat prices.
In the national capital, wheat dara (for mills) fell by Rs 15 to Rs 1,760-1,765 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,765-1,770 per 90 kg.
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 970-980 (50 kg), Maida Rs 1,010-1,020 (50 kg)and Sooji Rs 1,035-1,040 (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 6,500-6,700, Rice Pusa (1121) Rs 5,250-5,300, Permal raw Rs 2,200-2,225, Permal wand Rs 2,250-2,275, Sela Rs 2,400-2,500 and Rice IR-8 Rs 1,850-1,900, Bajra Rs 1,190-1,200, Jowar yellow Rs 1,450-1,500, white Rs 2,900-3,100, Maize Rs 1,340-1,345, Barley Rs 1,500-1,510. (PTI)

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