Commodities

Lukewarm response keeps rice steady

Our Correspondent Karnal | Updated on February 14, 2011

BL15_COM2_RICE

With trading being lukewarm, the rice market saw a steady trend and prices ruled almost unchanged on Monday. There was not much buying in the market, prices of basmati varieties were ruling with marginal variations, while the prices of non-basmati were flat, said Mr Amit Chandna, proprietor of Hanuman Rice Trading Company. Incessant rain since Sunday night is also a reason for low buying in the market, he added.

The market had witnessed a drop of around Rs 200 a quintal in aromatic and a fall of Rs 100-150 a quintal in non-basmati varieties last week.

Pusa-1121 steam ruled at Rs 5,300-5,400 a quintal, Pusa-1121 Rs 4,250-4,400, and Pusa-1121 Rs 5,200-5,250.

Basmati sela quoted at Rs 6,200-6,300 and basmati raw at Rs 7,300-7,400. Duplicate basmati ruled at around Rs 4,000 a quintal.

The prices of brokens of 1121 variety were: Tibar, Rs 3,000-3,400; Dubar, Rs 2,200-2,500; and Mongra, Rs 1,800-2,000.

Sharbati sela sold at around Rs 2,700, Sharbati steam Rs 3,000-3,100, Permal sela Rs 1,900-2,050, and Permal steam Rs 2,100-2,200 a quintal. For the brokens of Sharbati variety, Tibar quoted at Rs 2,500, Dubar at 2,050 and Mongra, Rs 1,450.

Paddy Trading

Around 500 bags of PR sold at Rs 1,030 a quintal. Around 1,000 bags of Pusa (duplicate basmati) at Rs 2,000-2,030, around 1,200 bags of Pusa-1121 at Rs 2,000-2,400, and about 700 bags of pure basmati at Rs 2,200-2,620 a quintal.

Published on February 14, 2011

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