Home >Market >Stock-market-news >Basmati rice prices surge on increased offtake
Traders said increased offtake by stockists following upsurge in demand against tight stocks position on fall in supplies from producing belts, mainly helped rice basmati prices to trade higher. Photo: Hemant Mishra/Mint
Traders said increased offtake by stockists following upsurge in demand against tight stocks position on fall in supplies from producing belts, mainly helped rice basmati prices to trade higher. Photo: Hemant Mishra/Mint

Basmati rice prices surge on increased offtake

Basmati rice prices rose by up to Rs150 per quintal at the wholesale grains market on today due to increased offtake by stockists following upsurge in demand

New Delhi: Rice basmati prices rose by up to Rs150 per quintal at the wholesale grains market on Friday due to increased offtake by stockists following upsurge in demand. However, other grains held steady in thin trade.

Traders said increased offtake by stockists following upsurge in demand against tight stocks position on fall in supplies from producing belts, mainly helped rice basmati prices to trade higher. In the national capital, rice basmati common and Pusa- 1121 variety settled higher at Rs6,500-6,600 and Rs5,250- 5,350 from previous levels of Rs6,400-6,500 and Rs5,150- 5,200 per quintal, respectively.

Following are Friday’s quotations (in per quintal): Wheat MP (desi) 2,100-2,350, Wheat dara (for mills) ,770-1,775, Chakki atta (delivery) ,775-1,780, Atta Rajdhani (10 kg) 60-300, Shakti Bhog (10 kg) 55-290, Roller flour mill 65-970 (50 kg), Maida 90-1,000 (50 kg)and Sooji ,040-1,045 (50 kg). Basmati rice (Lal Quila) 0,700, Shri Lal Mahal 1,300, Super Basmati Rice ,800, Basmati common new ,500-6,600, Rice Pusa (1121) ,250-5,350, Permal raw ,150-2,175, Permal wand ,200-2,225, Sela ,300-2,400 and Rice IR-8 ,825-1,850, Bajra ,225-1,230, Jowar yellow ,400-1,450, white ,800-2,900, Maize ,330-1,335, Barley ,490-1,500.

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