Rice rules flat on dull trade

Rice prices remained flat amid tepid selling at low margins. After witnessing a good uptrend on Monday last week, traders held back stocks in expectation of a rally in prices. But now buyers have withdrawn from the market, Mr Tara Chand Sharma, a paddy and rice trader, said.

With lack of trading in the market, prices have been ruling flat since January 17.

He said miscalculations in trade along with expectations of higher prices were responsible for this bad phase in rice trade.

Pusa-1121 steam ruled at Rs 5,250-5,300 a quintal, Pusa-1121 sela at Rs 4,300-4,500 and Pusa-1121 at Rs 5,200-5,250.

Pusa (sela) ruled at Rs 3,200-3,250 and Pusa (raw) around Rs 4,250. Basmati sela quoted at Rs 5,800 and basmati raw, Rs 6,800.

Prices of brokens of 1121 variety were: Tibar was at Rs 3,400, Dubar at Rs 2,400 and Mongra at Rs 1,700.

For the brokens of Sharbati variety, Tibar quoted at Rs 2,600, Dubar was at 2,100 and Mongra, Rs 1,500.

Permal sela sold at Rs 1,800-2,150, while Permal steam sold at Rs 2,100-2,200 a quintal.

Sharbati sela sold at around Rs 2,700 and Sharbati steam at Rs 3,000-3,100 a quintal.

Paddy trading

Around 2,000 bags of PR sold between Rs 1,025 and Rs 1,050. About 2,000 bags of Sharbati ruled at Rs 1,500-1,550. Sugandha-999 arrived in about 5,000 bags and quoted at Rs 1,500-1,550.

Around 1,000 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,200, around 10,000 bags of Pusa-1121 at Rs 2,000-2,450 and about 3,000 bags of pure basmati, Rs 2,200-2,650.