Agri Business

Trade enquiries keep non-basmati steady

Our Correspondent Karnal | Updated on March 11, 2011


Rice market witnessed a steady trend in sluggish trading. Prices of aromatic and non-basmati rice ruled firm with little movement, on Friday.

Despite fresh arrivals and sluggish domestic demand, rice prices managed to rule firm as trade inquires supported the market, said Mr Amit Chandna, proprietor of Hanuman Rice Trading Company. Bulk buyers are staying away and have adopted the wait-and-watch policy as the market is not stable and prices are tumbling continuously, he added.

Prices of Pussa 1121 rice (steam) ruled at Rs 5,180-5,230 a quintal, Pusa-1121(sela) ruled at Rs 4,200-4,325, and Pusa-1121(raw) at Rs 5,100-5,125. Basmati (sela) was sold at Rs 6,200-6,240 and basmati (raw) at Rs 7,300-7,330. Prices of duplicate basmati ruled at Rs 3,960-4,040 a quintal.

Brokens such as Tibar was quoted at Rs 3,000-3,500, Dubar at Rs 2,200-2,600 and Mongra was at Rs 1,900-2,100.

Sharbati (sela) quoted at around Rs 2,600-2,705 while the Sharbati (steam) at Rs 3,000-3,155.

Permal (sela) ruled at Rs 1,900-2,110 and Permal (steam) was at Rs 2,100-2,190 a quintal. For the brokens of Sharbati variety, Tibar was quoted at Rs 2,450, Dubar was at 2,100 and Mongra was at Rs 1,480.

Paddy Trading

About 120 bags of Pusa (duplicate basmati) arrived and were sold at Rs 2,150-2,300 a quintal and around 85 bags of Pusa-1121 at Rs 2,170-2,350 a quintal. Around 135 bags of pure basmati arrived and were sold at Rs 2,240-2,600 a quintal.

Published on March 11, 2011

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