After witnessing an uptrend earlier this week, aromatic and sharbati varieties remained unchanged on Thursday. Fresh arrivals of PR paddy kept PR rice prices unaltered.
Sathi arrivals from Uttar Pradesh have stopped earlier this week, while arrivals of new PR paddy have started on Thursday, said Tara Chand Sharma, proprietor of Tara Chand and Sons.
Arrivals may gather pace within one week, while the arrivals of new Sharbati and Sugandha paddy may start within a fortnight, he said.
In the physical market, traders are expecting some correction in pure basmati varieties in near future ,while all other rice varieties are expected rule range-bound for a few days. Any recovery in rice market is unlikely now as the market will remain under pressure because of new crop and slack demand, said Amit Kumar, Proprietor of Ginni Rice.
On Thursday, Pusa-1121 (steam) quoted at Rs 6,300-6,375 a quintal while Pusa-1121 (sela) sold at Rs 5,300-5,370. Pure basmati (raw) quoted at Rs 6,650, while pure basmati (sela) sold at Rs 5,300 a quintal. Duplicate basmati traded at Rs 4,800 a quintal.
For the brokens of Pusa-1121, Tibar sold at Rs 3,200; Dubar ruled at Rs 2,700 and Mongra at Rs 2,300 a quintal. Sharbati (steam) quoted at Rs 3,900 while Sharbati (sela) quoted at Rs 3,770 a quintal.
PR-11 (sela) sold for Rs 2,650 while PR-11 (Raw) quoted at Rs 2,550 a quintal. Permal (raw) sold at Rs 2,200-2,250 a quintal while Permal (sela) went for Rs 2,300.
Paddy Arrivals
Around10,000 bags of PR variety arrived at the Karnal Grain Market Terminal and sold at Rs 1,250 a quintal.