The rice market witnessed a mixed trend on Thursday with prices of Sharbati and Pusa-1121 (sela) rice varieties rising and other aromatic and non-basmati varieties ruling unchanged.

Amit Kumar, proprietor of Ginni Rice, told Business Line that restricted availability of stocks coupled with good domestic and overseas demand supported the market.

Exporters are getting good demand from Iran and Iraq, he said.

Rice millers are expecting prices to go up further and hence, they are building up inventories, said Amit Kumar.

Market may continue to rule around current levels for the next couple of days and then it may witness another uptrend, said market experts.

In the physical market, Pusa-1121 (steam) sold at Rs 9,200-9,300 a quintal, while Pusa-1121 (sela) moved up by Rs 300 and quoted at Rs 8,400.

Pure Basmati (Raw) quoted at Rs 12,700. Duplicate basmati (steam) sold at Rs 7,300.

In the non-basmati section, Sharbati (Steam) went up by Rs 200 to Rs 5,700-5,900, while Sharbati (Sela) quoted at Rs 5,500 , up Rs 300.

Permal (raw) sold at Rs 2,350-2,400, while Permal (sela) quoted at Rs 2,400. PR-11 (sela) sold at Rs 3,100, while PR-11 (Raw) quoted at Rs 3,000-3,100. PR14 (steam) sold at Rs 3,400 .

Paddy arrivals

About 40,000 bags of PR paddy arrived and quoted at Rs 1,330-1,500 , around 40,000 bags of Pusa-1121 arrived and sold for Rs 3,750-4,400, while 10,000 bags of Sharbati arrived and sold at Rs 2,400-2,500. Around 10,000 bags of Duplicate Basmati arrived and went for Rs 4,000-4,250, while 1,000 bags of pure Basmati was sold at Rs 5,700-5,950 a quintal.

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