Unstable weather, low demand drags down rice

Our Correspondent Karnal | Updated on March 04, 2011


Thin trading pulled the prices of aromatic and non-basmati rice down by Rs 10-60 a quintal on Friday.

Unstable weather and sluggish domestic demand led the market downwards, said Mr Amit Chandna, a rice trader. Market sentiments are low and it's hard to anticipate the levels where the market will get any support, he added.

Prices of aromatic rice dropped by Rs 50-60, Pusa-1121 (steam) ruled at Rs 5,200-5,250 a quintal, Pusa-1121(sela) ruled at Rs 4,250-4,350, and Pusa-1121 (raw) at Rs 5,100-5,160. Basmati (sela) was sold at Rs 6,200 and basmati (raw) at Rs 7,300-7,320. Prices of duplicate basmati ruled at Rs 3,970-4,045 a quintal.

Prices of broken varieties of aromatic and non-basmati ruled unchanged. Brokens such as Tibar was quoted at Rs 3,000-3,500, Dubar at Rs 2,200-2,600 and Mongra was at Rs 1,900-2,100.

Prices of non-basmati dropped by Rs 10-20; sharbati (sela) quoted at around Rs 2,600-2,680 while the Sharbati (steam) at Rs 3,000-3,150.

Permal (sela) ruled at Rs 1,900-2,100 and Permal (steam) was at Rs 2,100-2,180 a quintal. For the brokens of Sharbati variety, Tibar was quoted at Rs 2,450, Dubar was at 2,100 and Mongra was at Rs 1,475.

Paddy Trading

About 150 bags of Pusa (duplicate basmati) arrived and were sold at Rs 2,100-2,300 a quintal and around 200 bags of Pusa-1121 at Rs 2,100-2,450 a quintal. Around 350 bags of pure basmati arrived and were sold at Rs 2,250-2,620 a quintal.

Published on March 04, 2011

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