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Following low buying of rice in the market, prices of full grain Pusa1121 and Permal varieties dropped by Rs 20-35 a quintal on Friday.
Mr Amit Chandna, Proprietor of Hanuman Rice Trading Company, said adequate stocks and low buying pulled the prices down. There is some pressure on Permal varieties as traders are already holding massive stocks and new stock will be in the market in August, he added.
Pusa-1121 (steam) declined by Rs 25 and was sold at Rs 4,950-5,175 a quintal. Pusa-1121 (sela) and Pusa-1121 (raw) dropped by Rs 20 each and were ruling at Rs 4,000 and Rs 4,400 a quintal, respectively.
Duplicate basmati ruled flat and sold at Rs 3,450 a quintal. Pure Basmati (Raw) was ruling around Rs 5,900 a quintal while Basmati Sela quoted at Rs 4,000-4,020 a quintal.
Brokens of Pusa-1121 continued to rule firm, Tibar sold at Rs 3,100-3,320, Dubar ruled at Rs 2,650 and Mongra was trading at Rs 1,900-2,130 a quintal.
Sharbari varieties managed to maintain their levels amid slack trading. Sharbati (steam) was ruling around Rs 2,900 while the Sharbati (Sela) was at Rs 2,740-2,760 a quintal.
Among the brokens of Sharbati variety, Tibar quoted at Rs 2,350-2,520, Dubar sold at Rs 2,100-2,230 while Mongra was trading at Rs 1,720-1,750 a quintal.
Permal (sela) decreased by Rs 30 and quoted at Rs 1,700-1,840 a quintal while Permal (Raw) sold at Rs 1,900-2,015 a quintal, Rs 35 down from previous level.
PR11(Sela) went down by Rs 25 and sold at Rs 2,000-2,095 while PR-11(Raw) quoted at Rs 1,925-2,100 a quintal.
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