India: Wheat, rice up on demand from stockists

Wheat and rice strengthened in the wholesale grains market on Tuesday on increased offtake by stockists and local parties. However, other commodities continued to be traded in a limited range on some deals.

Marketmen said, the pick up in demand from rolling flour mills and local parties helped wheat prices to recover. Wheat MP (deshi) and Wheat dara (for mills) were up at Rs 1250-1450 and Rs 945-965 per quintal respectively.

In the rice section, permal raw new, sela and rice IR-8 traded higher at Rs 1145-1170, Rs 1450-1500 and Rs 1100-1120 per quintal respectively. The following were Tuesday's quotations per quintal:

Wheat MP (deshi) 1250-1450, wheat dara (for mills) 945-965, chakki atta (delivery) 995-1000, Chakki atta Rajdhani (10 kgs) 145, shakti bhog (10 kgs) 145, roller flour mill 1000-1010, maida 1070-1080 (90 kilos) and sooji 1150-1160 (90 kgs).

Rice basmati (lal quila) 5000, Shri Lal Mahal 4800, Basmati common 3850-4050, Permal raw new 1145-1170, old 870-900, permal wand 1260-1325, sela 1450-1500 and rice IR-8 1100-1120, Bajra 700-705, Jowar 735-760 (yellow), Maize 860-865 Barley (UP) 810-820 and Rajasthan 645-655.

1US$=42 INR Approx