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Bullish trend continued in the rice market with prices of a few aromatic rice varieties moving up by Rs 200-800 a quintal on Thursday.
Mr Tara Chand Sharma, Proprietor, Tara Chand and Sons, told Business Line that a sudden increase in demand lifted prices of Pusa-1121 and pure basmati rice varieties.
The market has witnessed some frantic buying by bulk buyers and retail traders in last two days, he said.
According to market experts, domestic demand is improving and the aromatic and non-basmati varieties may hold on to their current levels for the next few days, said Mr Sharma.
In the physical market, Pusa-1121 (steam) increased by Rs 500 to Rs 6,400-6,500, while Pusa-1121 (sela) sold at Rs 5,500 a quintal, up Rs 375 from the previous level.
Pure basmati (raw) rose by Rs 800 and quoted at Rs 6,500-6,600, while pure basmati (sela) ruled at around at Rs 5,400 a quintal, up Rs 200 from the previous level.
Duplicate basmati remained unchanged at Rs 4,900-5,000 a quintal.
For the brokens of Pusa-1121, Tibar sold at Rs 3,550, Dubar at Rs 2,800-3,000, and Mongra at Rs 2,100-2,325 a quintal.
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