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Rice basmati weakens on sluggish demand on December 29

<p>Traders said muted demand against adequate stocks position weighed on rice basmati prices. In the national capital, rice basmati common slipped to Rs 7,500-7,600 from the previous level of Rs 7,600-7,700 per quintal</p>

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Rice basmati weakens on sluggish demand on December 29Representational picture

New Delhi: Rice basmati prices eased by Rs 100 per quintal at the wholesale grains market on Friday on tepid demand. However, maize moved up on increased offtake by consuming industries. Traders said muted demand against adequate stocks position weighed on rice basmati prices. In the national capital, rice basmati common slipped to Rs 7,500-7,600 from the previous level of Rs 7,600-7,700 per quintal.

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