Agri Business

Rice varieties lose steam with thin demand

Our correspondent Karnal | Updated on February 11, 2011

RICE

Sluggish domestic and overseas demand pulled the prices of aromatic and non-basmati rice down by Rs 50-150 a quintal, on Friday.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that market sentiments are low as the situation of the market is very volatile. The market had already witnessed a drop of around Rs 200 a quintal in aromatic and a fall of around Rs 100-150 a quintal in non-basmati varieties in this week, he added. Buyers are keeping themselves out of the market and it's hard to anticipate the levels where the market can get any support, said Mr Amit.

Price of Pusa-1121 varieties dropped by 100-125 a quintal, Pusa-1121 steam ruled at Rs 5,300-5,400 a quintal against the levels of Rs 5,500 quoted two days back, Pusa-1121 sela quoted at Rs 4,250-4,400 and Pusa-1121 at Rs 5,200-5,250.

Basmati sela quoted at Rs 6,200-6,300 and basmati raw at Rs 7,300-7,400. Duplicate Basmati ruled around Rs 4,000 a quintal.

The 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 2,700 and Sharbati steam around Rs 3,000-3,100 a quintal. Permal sela sold at Rs 1,900-2,050, while Permal steam sold at Rs 2,100-2,200 a quintal. For the brokens of Sharbati variety, Tibar quoted at Rs 2,500, Dubar at 2,050 and Mongra, Rs 1,450.

Paddy Trading

Around 1,000 bags of PR sold at Rs 1,000 a quintal. Around 1,400 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,030, around 2,000 bags of Pusa-1121 at Rs 2,000-2,400 and about 1,000 bags of pure basmati at Rs 2,200-2,600 a quintal.

Published on February 11, 2011

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