Commodities

Rice market rules steady

Our Correspondent Karnal | Updated on August 08, 2011

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Despite restricted trading, the rice market witnessed a steady trend with prices of aromatic and non-basmati rice ruling without much alteration from previous levels.

On Monday, Pusa-1121 (steam) ruled flat and sold at Rs 4,940-5,190 a quintal, Pusa-1121 (sela) was at Rs 3,950-3,970, while Pusa-1121 (raw) ruled at Rs 4,370 a quintal.

There is no bulk buying in the market at present as traders have adopted a wait and watch policy following inadequate rainfall, which may affect the production and quality of the crop if it doesn't rain on time, said Mr Praveen Kumar, a rice miller. Major changes in prices are unlikely this week, he said.

For the brokens of Pusa-1121, Tibar sold at Rs 3,100-3,350, Dubar ruled at Rs 2,600-2,660 and Mongra was trading at Rs 1,900-2,145 a quintal.

Duplicate basmati quoted at Rs 3,430 a quintal. Pure basmati (raw) was ruling at Rs 5,870 a quintal while basmati (sela) quoted at Rs 3,950 a quintal.

Sharbati varieties were quoted with marginal drop, after ruling flat for almost 5 days, Sharbati (steam) went down by Rs 15 and ruled around Rs 2,850, while the Sharbati (sela) was at Rs 2,730 a quintal.

Among the brokens of Sharbati variety, Tibar quoted at Rs 2,350-2,500, Dubar sold at Rs 2,100-2,240 while Mongra was trading at Rs 1,730-1,750 a quintal.

After witnessing a good uptrend last weekend, PR-11 and Permal varieties ruled firm on previous levels.

Published on August 08, 2011

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