Rising domestic demand and fresh trade enquires kept aromatic and non-basmati rice firm on Thursday.

After increasing earlier on Monday, rice prices have been ruling firm due to trade enquiries, said Amit Chandna, Proprietor of Hanuman Rice Trading Company.

Rising retail demand has lifted prices and they are likely to rule around current levels for the next few days, he added. Traders expect prices to fall a tad later this month, said Chandna.

In the physical market, Pusa-1121 (steam) sold at Rs 7,600 a quintal, while Pusa-1121 (sela) quoted at Rs 6,600 a quintal.

Pure basmati (raw) quoted at Rs 8,500-8,550 a quintal. Duplicate basmati (steam) traded at Rs 6,400-6,500 a quintal.

Sharbati (steam) quoted at Rs 4,900-5,000, while Sharbati (sela) was at Rs 4,650 a quintal.

PR-11 (sela) was at Rs 3,100, while PR-11 (raw) quoted at Rs 2,800-2,900 a quintal. Permal (raw) sold at Rs 2,350 a quintal, while Permal (sela) went for Rs 2,300 a quintal.

Dubar quoted at Rs 3,200, Tibar sold at Rs 4,300, while Mongra was at Rs 2,500 a quintal.

Paddy Arrivals

About 2,000 thousand bags of PR variety arrived and went for Rs 1,310 a quintal, around 2,000 bags of Sharbati arrived and quoted at Rs 2,230 a quintal. A thousand bags of duplicate basmati arrived and went for Rs 3,600. About 3,000 bags of Pusa-1121 arrived and quoted at Rs 3,725 a quintal.

According to reports, Iraq has issued a tender to buy a minimum of 15,000 tonnes of basmati rice of Indian and Pakistani origin.

(This article was published on February 14, 2013)
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