Commodities

Mixed trend in rice market

Our Correspondent Karnal | Updated on January 13, 2012 Published on January 13, 2012

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The rice market witnessed a mixed trend on Friday. After witnessing a good rally earlier this month, aromatic rice varieties witnessed some correction, while brokens and non-basmati varieties witnessed a steady trend.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that following adequate supplies coupled with lukewarm trading in the market, prices of aromatic rice varieties fell up to Rs 25-100 a quintal. Prices of aromatic varieties increased by Rs 200-900 a quintal since January 1.

Pusa-1121(steam) eased by Rs 50 and was quoted between Rs 4,100-4,200 a quintal, while Pusa-1121(sela) decreased by Rs 30 at Rs 3,400-3,520 a quintal. Duplicate Basmati sold at Rs 3,300-3,375 a quintal, Rs 25 down from the previous level.

Price of pure Basmati (Raw) decreased by Rs 50 at Rs 4,850 a quintal, while Pure Basmati (Sela) went down by Rs 100 and sold at Rs 4,000 a quintal.

Among the brokens of Pusa-1121, Tibar sold at Rs 3,200-3,250; Dubar at Rs 2,700; and Mongra at Rs 2,200 a quintal.

Good overseas demand kept non-basmati rice firm. Sharbati (steam) was quoted around Rs 2,800- 2,920, while the Sharbati (Sela) was sold at Rs 2,750-2,800 a quintal.

Permal (sela) sold at Rs 1,800-2,150 a quintal, while Permal (Raw) quoted at Rs 2,000-2,125 a quintal.

Paddy Arrivals

About 5,700 bags of aromatic paddy varieties arrived at the Karnal Grain Market Terminal. Around 3,000 bags of Pusa1121 arrived and was sold at Rs 1,800-1,830 a quintal, Duplicate Basmati arrived with at stock of 1,000 bags and went for Rs 1,520, while around 1,700 bags of Pure Basmati arrived and sold at Rs 1,900 a quintal.

Published on January 13, 2012
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