Rice rules flat on lukewarm trading

Our Correspondent Karnal | Updated on March 25, 2013 Published on March 25, 2013


With not much trading taking place in the market, prices of aromatic and non-basmati rice varieties remained unchanged on Monday.

Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that the market is moving at snail’s pace. Trading has been lukewarm over the last 10 days. Not only the buyers but sellers are also not participating actively in the market at present, he added.

Being the last week of current financial year, it is unlikely to see much trading in the market and prices may continue to rule around current levels, said Amit Chandna.

In the physical market, after witnessing a fall last week, Pusa-1121 (steam) sold at Rs 7,600 a quintal while Pusa-1121 (sela) quoted at Rs 6,700-6,750.

Pure basmati (raw) quoted at Rs 8,500. Duplicate basmati (steam) traded at Rs 6,450.

Similarly, non-basmati varieties ruled flat. Sharbati (steam) quoted at Rs 4,940, while Sharbati (sela) was at Rs 4,800 .

PR-11 (sela) sold at Rs 3,200-3,220 while PR-11 (Raw) quoted at Rs 2,850-2,880 . Permal (raw) sold at Rs 2,400 while Permal (sela) went for Rs 2,320 a quintal.

For the brokens of Pusa-1121, Dubar quoted at Rs 3,300, Tibar sold at Rs 4,300 while Mongra was at Rs 2,600 .

Meanwhile, paddy arrivals have stopped completely at the Karnal Grain Market Terminal. There will be no more arrivals in the market as farmers are now busy with their wheat crop, said market sources.

Published on March 25, 2013
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