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Lower arrivals lift rice; basmati down

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Our Correspondent Karnal, Aug 9

The rice marketwitnessed a mixed trend on Monday.

The price of Pusa-1121 (steam) dropped by Rs 50 and ruled between Rs 5,000 and Rs 5,200 a quintal. Pusa-1121 (sela) was quoted at Rs 4,000-4,100 a quintal; while Pusa-1121 (raw) was quoted at Rs 5,000-5,200. Pusa (sela) variety was quoted at Rs 3,100 a quintal and Pusa (raw) ruled between Rs 3,900 and Rs 3,925 a quintal.

Basmati sela ruled between Rs 6,000 and Rs 6,060 a quintal; while Basmati raw ruled around Rs 7,110 a quintal. The Sharbati sela variety ruled around Rs 2,820 and Sharbati steam was quoted at Rs 2,900-3000. Permal (PR) sela was quoted at Rs 2,000-2,150; PR (raw) at Rs 2,060-2,260; and PR (steam) at Rs 2,210-2,355. Brokens such as Tibar ruled at Rs 3,490 a quintal, Dubar at Rs 2,835, and Mongra at Rs 2,030.

Around 4,000 bags (60 kg each) of Govinda paddy arrived in the market . It ruled at Rs 950-1,035 against last week's Rs 950 a quintal. Millers lifted the new arrivals.

Mr Subhash Chand, a rice trader, said lower arrival lifted the non-basmati variety. Mr Parvin Kumar, a rice miller, told Business Line that low export demand pulled the prices of Pusa-1121 down.

(This article was published in the Business Line print edition dated August 10, 2010)
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