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Some good domestic buying pushed PR-11 and Permal varieties up by Rs 20-135 a quintal, while all other aromatic and non basmati varieties ruled almost unchanged on Friday.
PR-11(Sela) increased further by Rs 135 and sold at Rs 2,000-2,250 while PR-11(Raw) quoted at Rs 1,925-2,150 a quintal, Rs 50 up from previous level.
After ruling firm for almost a week, Permal varieties went up by Rs 20-60; Permal (sela) quoted at Rs 1,750-1,900 a quintal while Permal (Raw) sold at Rs 1,900-2,035 a quintal. Mr Amit Chandna, Proprietor of Hanuman Rice Trading Company, told Business Line that despite the fact that traders are holding huge stocks and new stock will be in the market in this month, prices are moving upwards.
“Market may rule firm on current levels for next few days and then it may witness some correction,” he added.
After witnessing an uptrend earlier this week, Pusa-1121(steam) ruled flat and sold at Rs 4,940-5,190 a quintal, Pusa-1121(sela) was at Rs 4,000 and while Pusa-1121(raw) ruled at Rs 4,400 a quintal. For the brokens of Pusa-1121, Tibar sold at Rs 3,100-3,335, Dubar ruled at Rs 2,600-2,660 and Mongra was trading at Rs 1,900-2,145 a quintal.
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