Prices of aromatic and non-basmati varieties rallied again on Thursday.
Amit Chandna, Proprietor of Hanuman Rice Trading Company, told Business Line that despite the fact that traders are holding huge stocks with them and new stocks will be in the market in September, the market is doing well and prices are moving upwards.
Traders expect that market may rule firm at current levels for the next few days and then, it may witness another spike, he said.
In the physical market, Pusa-1121 (steam) increased by Rs 200 and quoted at Rs 7,000-7,200 a quintal, while Pusa-1121 (sela) sold at Rs 6,100, up Rs 100 from previous level.
Pure Basmati (raw) went up by Rs 150 and quoted at Rs 7,100 while pure basmati (sela) ruled around at Rs 5,950, up Rs 100. Duplicate basmati gained Rs 300 and quoted at Rs 5,400 a quintal.
Tibar was sold at Rs 3,800; Dubar at Rs 2,800-3,050 and Mongra at Rs 2,100-2,500 a quintal.
Similarly, non basmati varieties moved up on improved demand. Sharbati (steam) improved by Rs 300 and quoted at Rs 4,200-4,300 a quintal while Sharbati (sela) sold at Rs 4,100-4,200 .
PR-11 (sela) went up by Rs 50 to Rs 2,950 a quintal, while PR-11 (Raw) was at Rs 2,700. Permal (raw) increased by Rs 50 and sold at Rs 2,250-2,350 while Permal (sela) went for Rs 2,300-2,400.