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After witnessing a good rally in the last 10 days, the rice market remained steady on Wednesday, with prices of aromatic and non-basmati rice ruling firm at previous levels.
The market has seen some good buying over the last few days and recently some new export contracts have been signed at around $800 a quintal, said Mr Tara Chand Sharma, proprietor of Tara Chand and Sons. Traders have committed to export around 2.24 million tonnes of aromatic rice over the next nine months, he added. Aromatic rice is unlikely to see any major change in prices, said Mr Sharma.
Pusa-1121 (steam) was quoted at Rs 4,150-4,250 a quintal, while Pusa-1121 (sela) was at Rs 3,400-3,550 a quintal. Duplicate basmati was sold at Rs 3,300-3,400 a quintal.
Pure basmati (raw) was quoted at Rs 4,900 a quintal, while pure basmati (sela) was sold at Rs 4,100 a quintal.
Among the brokens of Pusa-1121, Tibar sold at Rs 3,200-3,250; Dubar at Rs 2,700; and Mongra at Rs 2,200 a quintal.
Sharbati (steam) quoted around Rs 2,800-2,925, while Sharbati (sela) was quoted at Rs 2,750-2,800 a quintal.
Permal (sela) sold at Rs 1,800-2,150 a quintal, while permal (raw) quoted at Rs 2,000-2,125 a quintal.
Paddy Arrivals
About 6,000 bags of aromatic paddy varieties arrived at the Karnal grain market terminal. Around 3,000 bags of Pusa-1121 arrived and sold at Rs 1,850 a quintal. One thousand bags of duplicate basmati arrived and sold at Rs 1,550, while around 2,000 bags of pure basmati arrived and sold at Rs 1,950 a quintal.
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