Commodities

Rice prices up on fresh buying

Our Correspondent Karnal | Updated on April 04, 2011

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Some fresh buying lifted the prices of aromatic and non-basmati rice by Rs 20-100 a quintal after witnessing a drop last weekend.

Domestic demand has increased and traders are getting the fresh orders of both aromatic and non-basmati rice varieties, said Mr Amit Chandna, proprietor of Hanuman Rice Trading Company. Traders are expecting some good buying in April and the market may continue to witness an uptrend, he added.

The market has not been doing well since February. Though prices rose on a few occasions, the market did not manage to retain those levels, said Mr Chandna.

On Monday, Pussa 1121 rice (steam) increased by Rs 100 and ruled at Rs 5,150-5,350 a quintal, Pusa-1121(sela) rose by 70 and was quoted at Rs 4,150-4,340, and Pusa-1121(raw) was at Rs 5,100-5,160. Prices of duplicate basmati rose by Rs 60 and quoted at Rs 3,700-4,060 a quintal. Pure Basmati (Raw) was quoted at Rs 7,500 a quintal.

Brokens such as, Tibar was quoted at Rs 3,050-3,360, Dubar at Rs 2,350-2,600 and Mongra was at Rs 1,850-2,130.

Sharbati (steam) increased by Rs 50 and was quoted at Rs 3,020-3,070 while the Sharbati (Raw) rose by 30 was at Rs 2,800-2,920 a quintal.

PR-11 (sela) rose by Rs 40 and ruled at Rs 2,020-2,075 and PR-11(Raw) was quoted at Rs 2,000-2,150 a quintal. Permal (sela) rose by Rs 50 and was quoted at Rs 1,650-1,930 a quintal while Permal (Raw) traded at Rs 1,800-1,900 a quintal.

For the brokens of Sharbati variety, Tibar was quoted at Rs 2,370, Dubar was at 2,130 and Mongra was at Rs 1,445.

Published on April 04, 2011

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