Commodities

Mixed trend in rice market

Our Correspondent Karnal | Updated on February 21, 2011 Published on February 21, 2011

Harvested paddy being packed in gunny bags at a paddy field in Kerala. (File photo) - Photo: K K Mustafah   -  Business Line

The rice market witnessed a mixed trend on Monday. Prices of aromatic rice ruled steady while the prices of non basmati rice dropped marginally from the levels quoted last weekend.

Fresh arrivals of non basmati rice in the market pulled the prices marginally down as there is not much demand on the charts, said Mr Tara Chand Sharma, a rice trader. Prices of non basmati dropped by Rs 15-20 a quintal while the prices of aromatic rice managed to maintain their previous levels, he added.

Market may rule around current levels in this week, said Mr Sharma.

Pusa-1121 (steam) ruled at Rs 5,200-5,350 a quintal, Pusa-1121(sela) at Rs 4,250-4,365, and Pusa-1121(raw) at Rs 5,150-5,200. Basmati (sela) was quoted at Rs 6,200-6,250 and basmati (raw) at Rs 7,300-7,370. Duplicate basmati ruled at Rs 3,950-3,970 a quintal.

Brokens such as Tibar ruled at Rs 3,000-3,400, Dubar at Rs 2,200-2,500 and Mongra at Rs 1,800-2,000.

Sharbati (sela) was sold at around Rs 2,650-2,660, Sharbati (steam) at Rs 3,000-3,050, Permal (sela) at Rs 1,900-2,020 and Permal (steam) at Rs 2,100-2,170 a quintal. For the brokens of Sharbati variety, Tibar was quoted at Rs 2,500, Dubar at Rs 2,050 and Mongra at Rs 1,450.

Paddy Trading

Around 500 bags of PR were sold at Rs 1,020 a quintal. Around 400 bags of Pusa (duplicate basmati) went for Rs 2,000 and around 700 bags of Pusa-1121 at Rs 2,000-2,300 a quintal.

Around 300 bags of pure basmati arrived and were sold at Rs 2,200-2,600 a quintal.

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Published on February 21, 2011
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