After hitting the peak for this season earlier this week, aromatic and non-basmati rice varieties ruled firm on Thursday.

Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that the market is moving range-bound but within a positive territory.

After witnessing an uptrend earlier on Monday, market is maintaining its upper levels since then as rising domestic demand and trade enquiries are supporting the market, he added.

Demand for full grain varieties and brokens of both aromatic and non-basmati varieties is good. Restricted availability of stocks is also a big reason behind the current situation of the market.

Rice millers are not showing much interest in selling at current levels as they are expecting another uptrend in coming weeks, said market sources.

In the physical market, Pusa-1121 (steam) sold at Rs 7,650-7,700 a quintal while Pusa-1121 (sela) quoted at Rs 6,700-6,800. Sharbati (steam) quoted at Rs 4,900-5,000, while Sharbati (sela) was at Rs 4,800-4,850. Pure basmati (raw) quoted at Rs 8,500 .

Duplicate basmati (steam) traded at Rs 6,500. PR-11 (sela) was at Rs 3,200-3,250 while PR-11 (Raw) quoted at Rs 2,850-2,900 . Permal (raw) sold at Rs 2,400 while Permal (sela) went for Rs 2,350 a quintal.

For the brokens of Pusa-1121, Dubar quoted at Rs 3,300, Tibar sold at Rs 4,300 while Mongra was at Rs 2,600 a quintal.

(This article was published on March 14, 2013)
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