Another downtrend was seen in the rice market on Monday as prices of aromatic and non basmati varieties dropped further by Rs 50-300 a quintal on lacklustre trading.
Amit Chandna, Proprietor of Hanuman Rice Trading Company, told Business Line that market sentiments are low with a fear of drop in price in near future. Bulk buyers are out of the market and they are waiting for prices to stabilise . In the physical market, Pusa-1121 (steam) eased further by Rs 300 a quintal and quoted at Rs 6,200-6,300 while Pusa-1121 (sela) sold at Rs 5,500 – Rs 200 down from previous level.
Pure basmati (raw) went down by Rs 120 to Rs 6,700 while pure basmati (sela) sold at Rs 5,300 – Rs 100 down from previous level. Tibar was sold at Rs 3,600; Dubar at Rs 2,800 and Mongra at Rs 2,100-2,200 a quintal.
Sharbati (steam) eased by Rs 150 to Rs 3,850 and Sharbati (sela) went down by Rs 100 to Rs 3,800.
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.