Commodities

Rice rules steady in listless market

Our Correspondent Karnal | Updated on February 23, 2011 Published on February 23, 2011

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Prices of aromatic and non-basmati rice ruled almost unchanged on Wednesday with trading being slack.

Following sluggish overseas and domestic demand, the rice market is witnessing a steady trend, said Mr Amit Chandna, a rice trader. “Traders are not getting fair margins by selling on current levels. As the mercury rises, demand will also increase,” he added.

Pusa-1121 (steam) ruled at Rs 5,200-5,340 a quintal; Pusa-1121(sela) at Rs 4,250-4,360; and Pusa-1121(raw) at Rs 5,150-5,200. Basmati (sela) was sold at Rs 6,200-6,250 and basmati (raw) at Rs 7,300-7,350. Duplicate basmati ruled at Rs 3,950-3,970 a quintal.

Brokens such as Tibar was quoted 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 2,650-2,665; 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.

Paddy Trading

Around 300 bags of PR were quoted at Rs 1,040 a quintal. About 500 bags of Pusa (duplicate basmati) went for Rs 2,020 and around 400 bags of Pusa-1121 at Rs 2,000-2,330 a quintal. Around 250 bags of pure basmati arrived and were sold at Rs 2,200-2,630 a quintal.

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Published on February 23, 2011
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