Monday, July 30, 2012

India: Rice basmati strengthens on increased buying

NEW DELHI: Rice basmati prices strengthened by Rs 100 per quintal on the wholesale grains market on increased buying by stockists on the back of a rise in demand from retailers.
However, other grains moved in a narrow range in limited deals and settled around previous levels.
Traders said increased buying by stockists and reports of nearly 10 per cent fall in sowing due to deficient rainfall in growing areas, helped rice prices to strengthen.
In the national capital, rice basmati Pusa-1121 advanced by Rs 100 to Rs 5,900-7,000 per quintal.
The following are today's quotations per quintal: Wheat MP (deshi) 1,700-1,920, Wheat dara (for mills) 1,335-1,340, Chakki atta (delivery) 1,340-1,360, Atta Rajdhani (10 kg) 195, Shakti bhog (10 kg) 195, Roller flour mill 680-725 (50 kg), Maida 825-840 (50 kg) and Sooji 920-950 (50 kg).
Basmati rice (Lal Quila) 9,500, Shri Lal Mahal 9,500, Super Basmati Rice, 9,000, Basmati common new 6,700-6,800, Rice Pusa-(1121) new 5,900-7,000, Permal raw 2,100-2150, Permal wand 2,300-2,350, Sela 2,750-2,950 and Rice IR-8 1,600- 1,650, Bajra 1150-1155, Jowar yellow 1,300-1,350, white 2,100- 2,250, Maize 1,360-1,370, Barley 1,390-1,400, Rajasthan 1,080- 1,090.