Commodities

Heavy inflows drag paddy, rice

Our Correspondent Karnal | Updated on September 28, 2011 Published on September 28, 2011

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Heavy arrivals of the PR paddy varieties pulled prices down. More than 42,000 bags of different paddy varieties arrived at the Karnal grain market terminal on Wednesday.

Government agencies are expected to start procuring fresh arrivals of paddy from October 1 when the kharif marketing season commences.

The minimum support price for this season is Rs 1,130 a quintal for super fine quality, while the fine quality will get Rs 1,080 a quintal.

According to reports, the State government has arranged sufficient cash credit limit for the purchase of paddy from the Reserve Bank of India.

Due to sluggish domestic demand in the rice market, prices of aromatic varieties fell by Rs 30-50 a quintal, while non-basmati varieties were ruling around previous levels.

Pusa-1121 (steam) fell by Rs 40 and ruled at Rs 4,900-4,950 a quintal, while Pusa-1121(sela) was at Rs 3,920-3,950. Basmati (Raw) went down by Rs 30 and was at Rs 5,700 a quintal while Basmati Sela sold at Rs 3,900 a quintal, Rs 50 down from previous level.

For the brokens of Pusa-1121, Tibar ruled at Rs 3,300-3,570, Dubar was at Rs 2,600-2,930 while Mongra was trading at Rs 1,900-2,330 a quintal.

Sharbati (steam) ruled at Rs 2,900-3,050 while the Sharbati (Sela) was at Rs 2,870 a quintal.

PR11 (Sela) sold at Rs 2,150-2,420 a quintal, while PR-11(Raw) quoted at Rs 2,000-2,325 a quintal.

Permal (sela) sold at Rs 1,850-2,080 a quintal while Permal (Raw) was at Rs 1,900-2,100 a quintal.

Among the brokens of Sharbati variety, Tibar quoted at Rs 2,400-2,750, Dubar sold at Rs 2,100-2,400 while Mongra was trading around Rs 1,700-1,850 a quintal.

Govinda variety was ruling between Rs1, 650-1,725 a quintal.

Around 27,000 bags of PR arrived and sold at Rs1, 050-1,140. Around 5,000 bags of Sugandha-999 arrived and was lifted at around Rs 1,500-1,635 a quintal. About 7,000 bags of Sharbati variety arrived and quoted at Rs 1,575-1,630. RS10 variety came with a stock of around 3,000 bags and went for Rs 1,250-1,360. The entire stock was lifted by rice millers.

Published on September 28, 2011
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