Rice market witnessed a mixed trend; Pusa 1121 varieties rose by Rs20-50 a quintal, pure basmati witnessed a sharp decline while all other aromatic and non basmati varieties ruled flat at their previous levels, on Friday.
Some domestic demand lifted the prices of Pusa-1121 varieties but this uptrend may not sustain for long, said Mr Tara Chand Sharma, a rice trader. Bulk buyers are not giving big orders and overseas demand is also not giving much support to the market as they trade on 3 months credit policy, he added.
Pusa-1121 (steam) rose by Rs20 and ruled at Rs 4,920 a quintal, Pusa-1121(sela) went up by Rs50 and was ruling around Rs3,900-3,925 while Pusa-1121(raw) was trading at Rs 4,400 a quintal.
Duplicate basmati continued to rule flat and was at 3,500-3,550. After ruling firm for almost 10 days, Pure Basmati (Raw) witnessed the major fall, dropped by Rs500 and sold at around Rs 6,000 a quintal while Basmati Sela was trading at Rs 4,000 a quintal.
Prices for the brokens of Pusa 1121, Tibar was quoted at Rs 3,100-3,300, Dubar ruled at Rs 2,500-2,600 and Mongra was at Rs 1,900-2,100 a quintal.
Non basmati varieties managed to maintain their previous levels amid restricted trading.
Sharbati (steam) ruled at Rs 2,900-3,000 while the Sharbati (Sela) sold at Rs 2,750-2,800 a quintal.
PR11 (Sela) sold at Rs 2,000-2,180 while PR-11(Raw) quoted at Rs 1,950-2,150 a quintal. Permal (sela) was ruling between Rs 1,700-1,940 a quintal while Permal (Raw) traded at Rs 1,900-2,090 a quintal.
Brokens of the Sharbati variety, Tibar was quoted at Rs 2,350-2,500, Dubar was at 2,100-2,200 and Mongra ruled around Rs 1,700-1,750 a quintal
In Delhi market, Rice Basmati (Sri Lal Mahal) was ruling at Rs 9,100 a quintal, Rice Basmati(Lal Quila) was at Rs 9,300, Rice Basmati(Common) sold at Rs 5,200-5,300 a quintal while Permal rice was ruling between Rs 1,800-1,850 a quintal.
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