Commodities

Rice prices hold firm

Our Correspondent Karnal | Updated on April 11, 2012 Published on April 11, 2012

rice

The rice market was steady on Wednesday after a rally in the last 20 days, with prices of aromatic and non-basmati rice ruling firm at previous levels.

The market has seen some buying and prices of Pusa- 1121 have increased by Rs 2,000 a quintal over the last few weeks. Traders expect aromatic varieties to see some correction in near future while major changes are unlikely in non basmati varieties.

In the physical market, Pusa-1121 (steam) quoted at Rs 6,000 a quintal while Pusa-1121 (sela) sold at Rs 4,900-5,000 a quintal.

Duplicate basmati sold at Rs 4,600 a quintal. Pure basmati (raw) was at Rs 5,250 a quintal while pure basmati (sela) sold at Rs 4,780 a quintal.

For the brokens of Pusa-1121, Tibar sold at Rs 3,400-3,550, Dubar at Rs 2,700-2,920 while Mongra was trading at Rs 1,900-2,350 a quintal.

Sharbati (steam) sold at Rs 3,400-3,600 a quintal while Sharbati (sela) was at Rs 3,500 a quintal.

Sugandha (steam) went for Rs 3,650-3,750 a quintal while PR-14 (steam) sold at Rs 2,300-2,450 a quintal.

PR varieties continued to rule flat, Permal (raw) sold at Rs 1,900-2,020 a quintal. Permal (sela) at Rs 1,800-2,050, PR-11 (sela) at Rs 2,220-2,370 and PR-11 (raw) at Rs 2,140-2,300 a quintal.

Rice stocks

As on April 1, rice stock in central pool was around 333.50 lakh tonnes, which is 191.50 lakh tonnes higher than required availability. The normal requirement of the stock is 142 lakh tonnes under buffer norm including reserve stock in April.

Published on April 11, 2012
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