Wheat, rice rises on retailers' demand

Tag : Rice Basmati


NEW DELHI: The wholesale prices of wheat and rice basmati commonrose in the range of Rs 25 to Rs 150 per quintal on stockists andretailers buying in the national capital on Saturday.

Wheat MP (deshi) variety rose by Rs 25 to Rs 1425-1650 per quintalon restricted arrival from Madhya Pradesh due to heavy rains amidfresh demand from rolling flour mills.

Wheat dara (for mills) gained Rs 10 at Rs 1090-1140 per quintal onbetter off-take by rolling flour mills.

In the rice section, basmati common variety rose to Rs 6900-7100from the last level of Rs 6750-6950 per quintal.
Traders said fresh buying by retailers and rolling flour millsagainst restricted supply mainly pushed up wheat and rice basmatiprices.

They said roller flour mills buying wheat on fears of further risein rice prices boosted the uptrend.