Weak demand keeps rice flat

Nitish Sharma Karnal | Updated on March 21, 2011


With buying in the rice market being weak, the prices of aromatic rice continued to rule flat while those of non-basmati varieties witnessed a marginal drop.

The market sentiments are low and the prices are ruling almost at the same level since last weekend, said Mr Praveen Kumar, a rice miller. Even the retail traders are buying in limited quantities as there is hardly any demand from buyers. The market is unlikely to witness any uptrend even this week, he added.

On Monday, the prices of aromatic rice managed to rule at their previous levels — Pussa 1121 (steam), Rs 5,180-5,250 a quintal; Pusa-1121(sela), Rs 4,200-4,325; and Pusa-1121(raw), Rs 5,100-5,140. Basmati (sela) sold at Rs 6,200-6,250 and basmati (raw), Rs 7,300-7,340. Duplicate basmati ruled at Rs 3,960-4,060 a quintal.

The prices of brokens, of both aromatic and non-basmati, remained unchanged — Tibar quoted at Rs 3,000-3,520; Dubar, Rs 2,200-2,620; and Mongra, Rs 1,900-2,120.

The prices of non-basmati varieties dropped by Rs 10 — Sharbati (sela) quoted at Rs 2,600-2,710, and Sharbati (steam), Rs 3,000-3,150.

Permal (sela) ruled at Rs 1,900-2,100 a quintal and Permal (steam), Rs 2,100-2,180. As for the brokens of Sharbati variety, Tibar was at Rs 2,450, Dubar Rs 2,120, and Mongra Rs 1,490.

Published on March 21, 2011

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