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Grains: Firm conditions prevailed at the wholesale grains

market during the week as prices of rice basmati and other bold grains firmed up on the back of increased offtake by stockists against fall in supplies from growing regions.

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market during the week as prices of rice basmati and other bold grains firmed up on the back of increased offtake by stockists against fall in supplies from growing regions.

However, wheat eased due to reduced offtake by flour mills.

Traders said besides increased offtake by stockists, tight stocks position on fall in arrivals from producing belts, mainly led to the rise in rice basmati prices.

Uptick in demand from consuming industries helped other bold grain prices to trade higher, they said.

In the national capital, rice basmati common and Pusa- 1121 variety climbed to Rs 6,500-6,600 and Rs 5,250-5,350 from previous levels of Rs 6,300-6,400 and Rs 4,950-5,025 per quintal, respectively.

Other bold grains like bajra, barley and maize edged up to Rs 1,225-1,230, Rs 1,490-1,500 and Rs 1,330-1,335 from previous week's levels of Rs 1,170-1,175, Rs 1,450-1,460 and Rs 1,310-1,320 per quintal, respectively.

On the other hand, wheat dara (for mills) shed Rs 10 to Rs 1,770-1,775 per quintal. Atta chakki delivery followed suit and weakened by a similar margion to Rs 1,775-1,780 per 90 kg.

Atta flour mills and maida also eased to Rs 965-970 and Rs 990-1,000 against last close of Rs 970-980 and Rs 1,010- 1,020 per 50 kg, respectively. (MORE)

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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