Agri Business

Aromatic paddy quotes 25% lower than last year

Our Correspondent Karnal | Updated on November 04, 2011

paddy1

Paddy arrivals remained sluggish at the Karnal grain market terminal on Friday, following low prices offered by traders for aromatic varieties.

Pusa-1121 is ruling at Rs 1,600-1,800 a quintal against Rs 2,000-2,400 last year. Traditional basmati varieties quoted at Rs 1,650-1,850, compared with Rs 2,500-2,600 last season, farmers said.

According to market sources, exporters have asked the Haryana Government to abolish the 4 per cent market fee and rural development fund levied on basmati paddy to ensure good returns for farmers.

After witnessing a decline earlier this week, prices of aromatic and non-basmati rice remained almost unchanged on Friday.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Co, told Business Line that new advance contracts of Pusa-1121 (steam) were signed at Rs 4,400-4,550 a quintal while Pusa-1121(sela) were signed at Rs 3,400-3,600.

Pusa-1121 (steam) quoted at Rs 4,770 and Pusa-1121(sela) around Rs 3,910.

Pure Basmati (raw) sold at Rs 5,400 and Basmati (sela) Rs 3,760.

Sharbati (steam) ruled at Rs 2,900-2,980 and Sharbati (sela) Rs 2,800. PR11 (sela) sold at Rs 2,100-2,160, and PR11(raw) Rs 1,900-2,100.

Permal (sela) sold at Rs 1,800-1,950, Permal (steam) Rs 2,050 and Permal (raw) around Rs 1,900.

Arrivals: Around 1.1 lakh bags of different paddy varieties arrived. Around 50,000 bags of PR arrived and sold at Rs 1,080-1,160; around 10,000 bags of Sugandha-999 (Rs 1,350-1,600); about 10,000 bags of Sharbati(Rs 1,450-1,530); 15,000 bags of DB (Rs 1,500-1,650); around 18,000 bags of Pusa-1121 (Rs 1,600-1,800); and 6,000 bags of Pure Basmati (Rs 1,650-1,830).

Published on November 04, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like