Good domestic demand, coupled with fresh trade enquires, kept aromatic and non-basmati rice firm on Monday. After witnessing a good rally last weekend, rice prices ruled firm at previous quoted levels as trade enquiries supported the market, said Amit Chandna, Proprietor of Hanuman Rice Trading Company.

Rising retail demand has turned the market sentiment positive and prices are likely to rule around current levels this week, he added. Pusa-1121 (steam) sold at Rs 5,700 a quintal while Pusa-1121 (sela) sold at Rs 4,800. Pure basmati (raw) quoted at Rs 5,950-6,000 while pure basmati (sela) sold at Rs 5,000-5,100.

Duplicate basmati (steam) traded at Rs 4,750-4,800. Prices of PR-11 (sela) sold at Rs 2,500-2,600 while PR-11 (raw) quoted at Rs 2,500. Permal (raw) sold at Rs 2,000-2,200 a quintal while Permal (sela) went for Rs 2,200-2,275.

Sharbati (steam) quoted at Rs 3,700 while Sharbati (sela) quoted at Rs 3,300. About 60,000 bags of PR variety arrived and sold for Rs 1,100-1,280 a quintal, Sharbati stocks of around 15,000 bags quoted at Rs 1,600-1,770 while 6,000 bags of DB variety sold at Rs 2,230-2,480. About 35,000 bags of Pusa-1121 quoted at Rs 2,100-2,500, pure basmati paddy 4,000 bags sold at Rs 2,700-2,900.

(This article was published on November 12, 2012)
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