With trading being lukewarm, prices of aromatic and non-basmati rice ruled flat on Thursday.

The market has not seen any change in prices since last weekend and it’s unlikely to see any major alteration in the next couple of days too, said Amit Chandna, Proprietor, Hanuman Rice Trading Company.

Rice millers are expecting that prices may marginally increase further, hence, they are holding on to their stocks, resulting in low availability of good quality stocks.

Traders expect the market to witness some alteration next week, said Amit Chandna.

Stronger rupee, expensive transportation and a stiff competition from Pakistan and Vietnam are hurting rice exports.

In the physical market, Pusa-1121 (steam) sold at Rs 7,500 a quintal while Pusa-1121 (sela) quoted at Rs 6,475.

Pure basmati (raw) quoted at Rs 8,550. Duplicate basmati (steam) traded at Rs 6,200-6,300.

Sharbati (steam) quoted at Rs 4,800-4,900 while Sharbati (sela) was at Rs 4,600.

PR-11 (sela) sold at Rs 2,700-2,800 while PR-11 (raw) quoted at Rs 2,800-2,850. Permal (raw) sold at Rs 2,250 while Permal (sela) went for Rs 2,200.

For the brokens of pusa-1121, Dubar quoted at Rs 2,800, Tibar sold at Rs 4,000 while Mongra was at Rs 2,400.

Paddy Arrivals

About 1,000 bags of PR variety were sold for Rs 1,320; 1,200 bags of Sharbati were quoted at Rs 2,150; 400 bags of duplicat basmati at Rs 3,200 and 2,700 bags of Pusa-1121 were quoted at Rs 3,500 a quintal.

(This article was published on February 7, 2013)
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