Agri Business

Uptrend in rice market; aromatic, non-basmati rise after 2days

Our Correspondent Karnal | Updated on January 28, 2011

Rice market witnessed a good uptrend, prices of aromatic and non-basmati rice rose after witnessing a drop two days back, on Friday.

Arrivals of high quality 1121 rice in the market lifted the prices of the variety by 100-250 a quintal, said Mr Praveen Kumar, a rice trader.

While some buying in the section of non-basmati varieties pushed the market upwards, traders expect that a good rally is yet to come, he added.

Pusa-1121 steam ruled at Rs 5,300-5,500 a quintal, Pusa-1121 sela at Rs 4,300-4,500 and Pusa-1121 at Rs 5,300. Pusa (sela) ruled around Rs 3,250 and Pusa (raw) around Rs 4,300. Prices of pure basmati continued to rule flat. Basmati sela quoted at Rs 5,700-5,750 and basmati raw at Rs 6,750.

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 2,750 and Sharbati steam around Rs 3,000-3,200 a quintal. Permal sela sold at Rs 1,900-2,200, while Permal steam sold at Rs 2,100-2,250 a quintal.

For the brokens of Sharbati variety, Tibar quoted at Rs 2,500, Dubar at 2,050 and Mongra, Rs 1,430.

Paddy Trading

Around 2,000 bags of PR sold between Rs 1,025 and Rs 1,060. About 2,700 bags of Sharbati ruled at Rs 1,500-1,580. About 5,000 bags of Sugandha-999 were quoted at Rs 1,550-1,600.

Around 1,000 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,200, around 9,000 bags of Pusa-1121 at Rs 2,000-2,500 and about 3,000 bags of pure basmati, Rs 2,200-2,670.

Published on January 28, 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