Commodities

Lacklustre trade drags all rice varieties

Our Correspondent Karnal | Updated on November 20, 2017

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Low trading at all levels pulled aromatic and non-basmati rice marginally down in north Indian rice markets on Thursday.

Prices of brokens ruled almost unchanged, said Amit Chandna, proprietor of Hanuman Rice Trading Company.

The rice market has been witnessing slack trading since the beginning of this week. It is expected to remain sluggish in the next few days also, he said. A major reason for the low trading is the financial year coming to an end. The situation was anticipated in the market, said Chandna.

In the physical market, Pusa-1121 (steam) eased by Rs 100 to Rs 7,600 a quintal, while Pusa-1121 (sela) quoted at Rs 6,700-6,750 a quintal, down by Rs 50.

Pure basmati (raw) remained unchanged at Rs 8,500 a quintal. Duplicate basmati (steam) dropped by Rs 50 to Rs 6,450 a quintal.

Similarly, non basmati rice prices decreased on lack of buying. Prices of Sharbati (steam) decreased by Rs 60 to Rs 4,940, while Sharbati (sela) quoted at Rs 4,800 a quintal, down Rs 50.

Prices of PR-11 (sela) eased by Rs 30 to Rs 3,200-3,220, while PR-11 (Raw) quoted at Rs 2,850-2,880 a quintal, lower by Rs 20. Permal (raw) sold at Rs 2,400 a quintal, while Permal (sela) went for Rs 2,320 a quintal, down Rs 30.

Among the brokens of Pusa-1121, Dubar quoted at Rs 3,300, Tibar sold at Rs 4,300 and Mongra ruled at Rs 2,600 a quintal.

Paddy

Around 600 bags of Pusa-1121 arrived at the Karnal grain market terminal and sold at Rs 3,400 a quintal.

Published on March 21, 2013

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