Commodities

Aromatic, non-basmati rice prices rise on domestic buying

Our Correspondent Karnal | Updated on July 12, 2012 Published on July 12, 2012

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Rice market remained bullish with the prices of aromatic and non-basmati rice rising on domestic buying and trade enquiries, on Thursday.

Mr Amit Chandna, Proprietor of Hanuman Rice Trading Company, said the uptrend was anticipated as domestic demand for non-basmati rice has improved. While aromatic varieties are getting good support from the exports front and trade enquiries, he added.

According to the market experts, India will be the largest exporter of rice in the continent this year. Export of basmati will touch about three million tonnes and export of non-basmati another 5-6 mt, said experts.

In the physical market, Pusa-1121 (steam) went up by Rs 100 and quoted at Rs 5,950-6,000 a quintal, while Pusa-1121 (sela) sold at Rs 5,125, a quintal, Rs 125 up from the previous level.

Pure Basmati (raw) increased by Rs 100 and quoted at Rs 5,650-5,700, while pure basmati (sela) ruled around at Rs 5,200, Rs 75 up from previous level. Duplicate basmati went up by Rs 100 and quoted at Rs 4,900-5,000 a quintal.

For the brokens of Pusa-1121, Tibar sold at Rs 3,400, Dubar at Rs 2,800-2,900 and Mongra at Rs 2,100-2,200 a quintal.

PR-11 (sela) went up by Rs 300 and went for Rs 2,800 a quintal, while PR-11 (Raw) was at Rs 2,500-2,600, Rs 150 up from previous level. Permal (raw) increased by Rs 80 and sold at Rs 2,000-2,200 a quintal while Permal (sela) went for Rs 1,900-2,150, Rs 40 up from previous level.

PR-14 (steam) went for Rs 2,650-2,850 a quintal.

Sharbati (steam) went up by Rs 100 and quoted at Rs 3,700-3,800 a quintal while Sharbati (sela) sold at Rs 3,500-3,600 a quintal, Rs 80 up from previous level.

Published on July 12, 2012
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