The rice market witnessed a mixed trend on Thursday. Pure basmati varieties witnessed some correction, while all other aromatic and non-basmati rice varieties managed to maintain their previous levels.

Slack buying pulled pure basmati prices down, said Tara Chand Sharma, Proprietor of Tara Chand and Sons. Traders expect that rice prices may remain range-bound and continue to rule around current levels even the next week, he said.

Paddy transplantation in Haryana is lagging behind and farmers may not achieve the set target as sowing season is getting over, said Sharma.

In the physical market, pure basmati (raw) went down by Rs 100 and quoted at Rs 7,000 a quintal while pure basmati (sela) sold at Rs 5,700 , Rs 250 down from previous level.

Pusa-1121 (steam) quoted at Rs 7,000-7,200 while Pusa-1121 (sela) sold at Rs 6,100.

Duplicate basmati was traded 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 continued to rule flat. Sharbati (steam) quoted at Rs 4,200-4,300 while Sharbati (sela) sold at Rs 4,100-4,200.

PR-11 (sela) was at Rs 2,950 while PR-11 (Raw) was at Rs 2,700. Permal (raw) sold at Rs 2,250-2,350 a quintal while Permal (sela) went for Rs 2,300-2,400.

Paddy Arrivals

Around 5,000 bags of Sathi variety arrived at the Karnal Grain Market Terminal and sold at Rs 1,100-1,225 a quintal.

(This article was published on August 9, 2012)
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