Grains: In a holiday shortened week, wheat prices drifted

lower at the wholesale grains market on adequate stocks position on pick up in arrivals from producing regions against reduced offtake by flour mills.

Barley also moved down owing to lack of buying support from consuming industries.

Rice basmati, after moving both ways on alternate bouts of buying and selling, settled around previous levels.

Traders said, besides ample stocks position following improved supplies from producing belts, reduced offtake by flour mills mainly led to the decline in wheat prices.

Expectations of bumper crop this year also weighed on wheat prices, they said.

Volume of business remained restricted as the market remained shut on Friday on account of 'Mahashivratri'.

In the national capital, wheat (desi) and wheat dara (for mills) slipped to Rs 2,600-2,900 and Rs 1,880-1,890 per quintal, respectively from previous levels of Rs 2,660-2,960 and Rs 1,900-1,910 per quintal.

Atta chakki delivery followed suit and traded lower 1,890-1,920 from previous close of Rs 1,910-1,940 per 90 kg.

Maida also eased to Rs 1,070-1,080 against last close of Rs 1,110-1,120 per 50 kg in line with wheat trend.

Other bold grains like barley moved down by Rs 50 to Rs 1,750-1,770 per quintal.

On the other hand, rice basmati common and Pusa-1121 variety after moving between gain and losses, finally concluded at last week's levels of Rs 7,200-7,300 and Rs 5,700-7,100 per quintal. (MORE)

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