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Following steady domestic demand and ample stocks, the rice market may continue to witness a steady to range-bound movement in the coming days, said trade experts.
In the physical market, Pusa-1121 (steam) sold at ₹9,400-9,500, while Pusa-1121 (sela) ruled at ₹8,350. Pure Basmati (raw) quoted at ₹12,500. Duplicate basmati (steam) sold at ₹7,600. Pusa-1121 (second wand) sold for ₹7,350, Tibar at ₹6,400 while Dubar at ₹5,400 a quintal.
In the non-basmati section, Sharbati (steam) sold at ₹4,850 while Sharbati (sela) quoted at ₹4,300 . Permal (raw) sold at ₹2,350, Permal (sela) at ₹2,340, PR-11 (sela) sold at ₹2,725 while PR-11 (raw) at ₹2,700 . PR14 (steam) sold at ₹2,900 a quintal.
With the trading being lukewarm, prices of aromatic and non-basmati rice varieties continued to rule around their previous quoted levels on Monday.
Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that after witnessing some volatility in the recent past, a steady trend has prevailed in the market. The situation is likely to persist even in the coming days, he said.
According to the trade experts, buyers are placing orders according to their necessity only. Any major fluctuation at this time of the year is unlikely and rice prices may continue to rule around current levels with nominal alterations, said experts.
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