Aromatic and non-basmati rice varieties rose on overseas and domestic buying and trade enquiries on Monday.
Tara Chand Sharma, proprietor of Tara Chand and Sons, told Business Line that demand is up for aromatic varieties, including in the export market. Exporters have signed new contracts for Pusa-1121 at $3,125 a tonne.
Small millers are holding on to stocks, as they are waiting for better margins, he added. In the physical market, Pusa-1121 (steam) was up Rs 300 at Rs 6,800-7,000 a quintal, while Pusa-1121 (sela) sold at Rs 5,900 a quintal, Rs 100 up.
Pure basmati (raw) improved by Rs 500 and quoted at Rs 8,000. Duplicate basmati (steam) gained Rs 200 and traded at Rs 5,500-5,600 a quintal.
Sharbati (steam) quoted at Rs 4,200, while Sharbati (sela) was at Rs 4,100 a quintal.
PR-11 (sela) improved by Rs 200 and sold at Rs 2,650-2,750, while PR-11 (raw) quoted at Rs 2,650 a quintal, Rs 150 up. Permal varieties went up by Rs 50; Permal (raw) sold at Rs 2,100-2,250 a quintal, while Permal (sela) fetched Rs 2,150-2,250 a quintal.
About 10,00010 thousand bags of PR variety arrived and sold at Rs 1,150-1,250. Around 5,000 bags of Sharbati arrived and quoted at Rs 1,750-1,850, while around 5,000bags of DB variety arrived and sold at Rs 2,500-2,800.
About 12,000 bags of Pusa-1121 arrived and quoted at Rs 2,850-3,150. Around 2,000 bags of pure basmati arrived and sold at Rs 3,450-3,650.