Commodities

Aromatic rice runs out of steam on poor demand

Our Correspondent Karnal | Updated on May 11, 2011 Published on May 11, 2011

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Sluggish overseas and domestic demand pulled the prices of aromatic rice down by Rs 40-100 a quintal while non-basmati variety ruled flat on Wednesday.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that the drop in aromatic rice was anticipated as market is not getting enough support from overseas and domestic buyers. On the other hand, domestic demand of non-basmati rice is good and market may rule without much alteration this week, he added.

Prices of Pusa-1121(steam) dropped by Rs 100 and ruled at Rs 5,200-5,400 a quintal, Pusa-1121(sela) dropped by Rs 60 and was quoted at Rs 4,120-4,400, and Pusa-1121(raw) was at Rs 5,150.

Prices of duplicate basmati dropped by Rs 50 and quoted at Rs 3,750-4,070 a quintal. After ruling firm for almost eight days, prices of Pure Basmati (Raw) dropped by Rs 100 and ruled Rs 6,700-6,800 a quintal.

For the brokens of Pusa 1121, Tibar was quoted at Rs 3,100-3,500, Dubar at Rs 2,400-2,700 and Mongra was at Rs 1,900-2,200.

After witnessing some good rallies in last 15 days, prices of non-basmati varieties ruled flat. Sharbati (steam) was quoted at Rs 3,100-3,370 while the Sharbati (Sela) was at Rs 3,000-3,020 a quintal.

Prices of PR11 (Sela) ruled at Rs 2,120-2,260 and PR-11(Raw) was quoted at Rs 2,050-2,260 a quintal.

Permal (sela) was quoted at Rs 1,750-2,075 a quintal while Permal (Raw) traded at Rs 1,900-2,110 a quintal.

Among the Brokens of the Sharbati variety, Tibar was quoted at Rs 2,350-2,530, Dubar was at 2,100-2,250 and Mongra ruled around Rs 1,850 a quintal.

Published on May 11, 2011
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