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Grains: The wholesale grains market remained weak for the

second straight week with prices of wheat and rice basmati sliding further on reduced offtake by flour mills and stockists against adequate stocks position.

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second straight week with prices of wheat and rice basmati sliding further on reduced offtake by flour mills and stockists against adequate stocks position.

However, barley moved up on pick up in demand from consuming industries.

Traders said reduced offtake by flour mills against sufficient stocks position on persistent supplies from producing regions put pressure on wheat prices.

Muted demand weighed on rice basmati prices, they said.

In the national capital, wheat dara (for mills) eased by Rs 5 to Rs 1,730-1,735 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,735-1,740 per 90 kg.

In the rice section, rice basmati common and Pusa-1121 variety also dropped to Rs 7,100-7,200 and Rs 5,800-6,400 from previous levels of Rs 7,400-7,500 and Rs 6,000-6,800 per quintal.

On the other hand, other bold grains, barley went up to Rs 1,600-1,620 from previous level of Rs 1,565-1,585 per quintal.(MORE)

 

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

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