Lacklustre trade drags rice market

Our Correspondent Karnal | Updated on July 20, 2011


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.

Published on July 20, 2011

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