A downtrend was seen in the rice market on Wednesday as prices dropped by Rs 20-100 a quintal on lacklustre trading.
Low trading pulled rice prices down, said Mr Amit Chandna, proprietor of Hanuman Rice Trading Company. New permal rice will be in the market in mid-August and it may rule around Rs 1,500-1,600 a quintal, he said.
After witnessing a rally earlier this week, Pusa-1121 varieties witnessed some correction.
Pusa-1121 (steam) slid by Rs 100 and quoted at Rs 5,050-5,200 a quintal, Pusa-1121 (sela) dropped by Rs 60 to Rs 4,040, and Pusa-1121(raw) was quoted at Rs 4,450.
Duplicate basmati fell by Rs 40 and quoted at Rs 3,460. Pure basmati (raw) declined by Rs 80 to Rs 5,920 a quintal, while basmati sela ruled at Rs 4,000 a quintal.
Among the brokens of Pusa-1121, Tibar sold at Rs 3,100-3,250, Dubar at around Rs 2,550, and Mongra at Rs 1,900-2,050 a quintal.
Sharbati (steam) went down by Rs 30 to Rs 2,900-2,930, while Sharbati (sela) quoted at Rs 2,750 a quintal.
PR-11 (sela) decreased by Rs 45 to Rs 2,000-2,125, while PR-11 (raw) quoted at Rs 1,950-2,100 a quintal, down Rs 30 from its previous level.
Permal (sela) went down by Rs 20 and quoted at Rs 1,700-1,900 a quintal, while Permal (raw) sold at Rs 1,900-2,070.
Among the brokens of the Sharbati variety, Tibar quoted at Rs 2,350-2,470, Dubar at Rs 2,100-2,200, and Mongra ruled around Rs 1,700 a quintal.
Paddy Arrival
Just around 1,200 bags of Govinda variety arrived from Uttar Pradesh, which quoted at Rs 800-820 a quintal.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.