The hope of a rise in demand pushed PR varieties up by Rs 30-300 a quintal, on Thursday.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that buying interest from bulk buyers mainly lifted PR prices. Traders expect that domestic demand may increase in upcoming days. Uptrend in PR was anticipated as trade enquires for PR varieties were on the higher side over the last few days, he added.

In the physical market, the price of Permal (raw) went up by Rs 300 and sold at Rs 2,000-2,400 a quintal while Permal (sela) went for Rs 2,370, Rs 250 up from previous level. PR-11 (sela) increased by Rs 30 and sold at Rs 2,300-2,530 while PR-11 (Raw) went up by Rs 50 and sold at Rs 2,500 a quintal. PR-14 (steam) rose by Rs 50 and sold at Rs 2,400-2,650.

On the other hand, after witnessing a fall earlier this week, prices of Pusa-1121 varieties and all other aromatic varieties remained range bound. Pusa-1121 (steam) quoted at Rs 5,775-5,800 a quintal, while Pusa-1121 (sela) sold at Rs 4,800-4,850. Pure basmati (raw) quoted at Rs 5,450-5,500, while pure basmati (sela) ruled around at Rs 5,000.

For the brokens of Pusa-1121, Tibar sold at Rs 3,800, Dubar at Rs 2,800-2,900 and Mongra at Rs 2,100-2,300 a quintal.

Duplicate basmati quoted at Rs 4,500 while Sugandha (steam) was at Rs 3,700 a quintal.

Sharbati (steam) sold at Rs 3,400-3,450 while Sharbati (sela) at Rs 3,200 a quintal.

Prices of almost all rice varieties, except the PR varieties, have been ruling range bound but within negative territory, said Mr Chandna.

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