Agri Business

Rice sees a firm trend

Our Correspondent Karnal | Updated on February 10, 2011

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The rice market witnessed a steady trend on Wednesday. Prices of aromatic and non-basmati rice managed to maintain their previous levels.

Price of Pusa-1121 steam ruled at Rs 5,300-5,500 a quintal, Pusa-1121 sela quoted at Rs 4,300-4,470 and Pusa-1121 around Rs 5,300.

Basmati sela quoted at Rs 6,200-6,430 and basmati raw at Rs 7,300-7,450. Duplicate basmati ruled around Rs 4,030 a quintal. Prices of brokens of 1121 variety were: Tibar was quoted at Rs 3,000-3,400, Dubar at Rs 2,200-2,500 and Mongra at Rs 1,800-2,000.

Sharbati sela sold at around Rs 2,750-2,770 and Sharbati steam around Rs 3,000-3,230 a quintal. Permal sela sold at Rs 1,900-2,200, while Permal steam sold at Rs 2,100-2,270 a quintal. For the brokens of Sharbati variety, Tibar quoted at Rs 2,500, Dubar at 2,050 and Mongra, Rs 1,450. Around 1,800 bags of PR sold at Rs 1,000-1,020 a quintal. Around 1,000 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,060, around 3,000 bags of Pusa-1121 at Rs 2,000-2,330 and about 1,200 bags of pure basmati at Rs 2,200-2,520 a quintal.

Basmati rice export contracts have dipped by 10 per cent this year against last year. According to the All India Rice Exporters Association, export contracts have fallen by Rs 2,500 crore. This year's contracts are of around Rs 8,500 crore, against Rs 11,000 crore of last year.

Published on February 09, 2011

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