Comments
Slack overseas demand pulled down a few aromatic varieties by Rs 50-115 while non-basmati varieties remained range-bound on limited trading on Friday.
Lower demand, ample stocks, rain in growing areas and prospects of a better crop have put pressure, said Mr Tara Chand Sharma, a rice trader. Because of payment issues with Iran, exporters are not signing new contracts and only old contracts are being executed at present, he said. Warhouses are already full and new paddy will be in the market within next 20 days. This will drag rice prices further down, said Mr Sharma.
Pusa-1121 (steam) shaved off Rs 100 at Rs 4,950-5,050 a quintal, Pusa-1121 (sela) was around Rs 3,830-3,900, and Pusa-1121 (raw) quoted at Rs 4,300 a quintal.
Pure basmati (raw) went down by Rs 115 at Rs 5,820 a quintal while basmati (sela) quoted around Rs 3,950-4,000 a quintal.
Among the brokens of Pusa-1121, Tibar was at Rs 3,100-3,400, Dubar at Rs 2,600-2,690 and Mongra was trading at Rs 1,900-2,210 a quintal.
PR-11 (sela) decreased by Rs 35 at Rs 2,100-2,305 a quintal, while PR-11 (raw) quoted at Rs 1,925-2,135 a quintal. Permal (sela) sold at Rs 1,800-1,930 a quintal while Permal (raw) sold at Rs 1,900-2,025 a quintal, down Rs 15.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.