Commodities

Rice prices remain flat amid tepid selling

Our correspondent Karnal | Updated on March 18, 2011 Published on March 18, 2011

rice

Rice prices remained flat amid tepid selling at low margins. After witnessing an uptrend at the beginning of this week rice prices are ruling flat.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that though the trade inquires were on the higher side, the traders were not getting the expected level of orders. With not much buyers in the market, traders are selling on lower margins. Market has not seen any major alteration in prices of aromatic and non-basmati rice since Monday and it is hard to anticipate any move of the market at present, he added.

Prices of Pussa 1121 rice (steam) ruled at Rs 5,180-Rs 5,250 a quintal, Pusa-1121(sela) ruled at Rs 4,200-Rs 4,325, and Pusa-1121(raw) at Rs 5,100-Rs 5,140. Basmati (sela) was sold at Rs 6,200-Rs 6,250 and basmati (raw) at Rs 7,300-Rs 7,340. Prices of duplicate basmati ruled at Rs 3,960-Rs 4,060 a quintal.

Brokens such as, Tibar was quoted at Rs 3,000-Rs 3,520, Dubar at Rs 2,200-Rs 2,620 and Mongra was at Rs 1,900-Rs 2,120.

Sharbati (sela) quoted at around Rs 2,600-Rs 2,720 while the Sharbati (steam) at Rs 3,000-Rs 3,160.

Permal (sela) ruled at Rs 1,900-Rs 2,100 and Permal (steam) was at Rs 2,100-Rs 2,190 a quintal. For the brokens of Sharbati variety, Tibar was quoted at Rs 2,450, Dubar was at 2,120 and Mongra was at Rs 1,490.

Published on March 18, 2011
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