Basmati rice exporters are delaying signing new contracts due to higher prices quoted by traders.

Exporters are not able to source at workable prices and because of this they are not signing the new contracts, said trade sources. Traders expect to sign a few new contracts around February 15 and also expect the market to witness an uptrend soon, said Mr Sharma.

After witnessing a good uptrend this week, prices of aromatic and non basmati rice ruled flat on Friday. Price of Pusa-1121 steam ruled at Rs 5,300-5,600 a quintal, Pusa-1121 sela quoted at Rs 4,300-4,550 and Pusa-1121 at Rs 5,300-5,350.

Basmati sela quoted at Rs 6,200-6,500 and basmati raw at Rs 7,300-7,500. Duplicate Basmati ruled around Rs 4,050-4,070 a quintal. The prices of brokens of 1121 variety were: Tibar was quoted at Rs 3,000-3,450, Dubar at Rs 2,200-2,525 and Mongra at Rs 1,800-2,030.

Sharbati sela sold at around Rs 2,750-2,775 and Sharbati steam around Rs 3,000-3,230 a quintal. Permal sela sold at Rs 1,900-2,220, while Permal steam sold at Rs 2,100-2,280 a quintal. For the brokens of Sharbati variety, Tibar quoted at Rs 2,520, Dubar at 2,060 and Mongra, Rs 1,450.

Paddy Trading

Around 2,500 bags of PR sold between Rs 1,020 and Rs 1,050. About 2,800 bags of Sharbati ruled at Rs 1,500-1,550. About 3,500 bags of Sugandha-999 that arrived were quoted at Rs 1,550-1,650.

Around 2,500 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,250, around 8,000 bags of Pusa-1121 at Rs 2,000-2,480 and about 2,000 bags of pure basmati at Rs 2,200-2,600.

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