Commodities

Fresh buying, inquiries boost rice

Our Correspondent Karnal | Updated on February 02, 2011

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With some buying in the market, prices of aromatic and non-basmati rice increased by Rs 30-100 a quintal on Wednesday.

Fresh buying and trade inquires led the market upwards, said Mr Praveen Kumar, a rice miller. The price rise was anticipated and the market may continue to see the uptrend, he added. The quality of the stock is good and that is also a reason behind the rise, said Mr Kumar. Price of Pusa-1121 steam rose by Rs 100 and ruled at Rs 5,300-5,600 a quintal, Pusa-1121 sela quoted at Rs 4,300-4,550 and Pusa-1121 at Rs 5,300-5,350.

With new contracts being signed, pure basmati variety has regained its flavour. Basmati sela quoted at Rs 6,200-6,500 and basmati raw at Rs 7,300-7,500.

Duplicate Basmati ruled around Rs 4,050-4,070 a quintal. The prices of brokens of 1121 variety were: Tibar was quoted at Rs 3,000-3,450, Dubar at Rs 2,200-2,525 and Mongra at Rs 1,800-2,030. Sharbati sela sold at around Rs 2,750-2,775 and Sharbati steam around Rs 3,000-3,230 a quintal. Permal sela sold at Rs 1,900-2,220, while Permal steam sold at Rs 2,100-2,280 a quintal. For the brokens of Sharbati variety, Tibar quoted at Rs 2,520, Dubar at 2,060 and Mongra, Rs 1,450.

Paddy Trading

Around 1,500 bags of PR sold between Rs 1,050 and Rs 1,070. About 3,000 bags of Sharbati ruled at Rs 1,500-1,530. About 3,800 bags of Sugandha-999 that arrived were quoted at Rs 1,500-1,620.

Around 2,000 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,200, around 7,000 bags of Pusa-1121 at Rs 2,000-2,500 and about 3,200 bags of pure basmati at Rs 2,200-2,570.

Published on February 02, 2011

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