Agri Business

Aromatic paddy quotes 25% lower than last year

Our Correspondent Karnal | Updated on November 04, 2011


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

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