Monday, February 11, 2008

Wheat, Atta Prices Dip On Increased Supply

New Delhi: Wheat dara prices declined further by Rs 10 a quintal in the wholesale grain market here on Saturday due to selling pressure from stockists along with increased supply.

Prices of maida and sooji also moved down. However, other commodities, including rice remained static in scattered buying or selling.

Marketmen said slackness in buying from rolling flour mills, mainly pulled down wheat dara prices.

Increased supply from producing belts amid slackness in demand, brought down the price of rice too, they added.

Wheat dara dropped further by Rs 10 to settle at Rs 1,100-1,110 a quintal, while wheat mp deshi remained quiet at Rs 1,300-1,575 a quintal.

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Chakki atta delivery and rolling flour mills price also finished lower at Rs 1,105-1,110 and Rs 1,100-1,105 instead of Rs 1,110-1,115 and Rs 1,105-1,110 a 90 kg bags respectively.

Maida and sooji prices too shed from Rs 1,200-1,210 and Rs 1,210-1,230 at Rs 1,190-1,200 and Rs 1,200-1,210 a 90 kg bags respectively.

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