Commodities

Rice rules range-bound on thin arrivals

Our Correspondent Karnal | Updated on October 29, 2012 Published on October 29, 2012

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Paddy arrivals almost halved to around 1 lakh bags on Monday from the last weekend levels.

The major fall was seen in the arrivals of PR varieties as a big share of total produce has already arrived, said Tara Chand Sharma, proprietor of Tara Chand and Sons.

Arrivals are likely to remain sluggish and the arrivals of pure basmati paddy are likely to start by the end of this week, he added.

In the physical market, the market is moving range-bound within a negative territory and may witness some alteration later this week, her said.

Pusa-1121 (steam) sold at Rs 5,500 a quintal while Pusa-1121 (sela) sold at Rs 4,400.

Pure basmati (raw) quoted at Rs 5,475-5,500 while pure basmati (sela) sold at Rs 4,600. Duplicate basmati traded at Rs 4,600-75.

PR-11 (sela) sold for Rs 2,450-2,500 while PR-11 (Raw) quoted at Rs 2,400-2,500 a quintal.

Permal (raw) sold at Rs 2,075 while Permal (sela) went for Rs 2,050-2,100.

Sharbati (steam) quoted at Rs 3,500 while Sharbati (sela) quoted at Rs 3,280-3,300 a quintal.

Paddy Arrivals

About 70,000 bags of PR variety arrived and went for Rs 1,250-1,280 a quintal, Sharbati arrived with a stock of around 5,000 bags and quoted at Rs 1,650-1,750 while just around 5,000 bags of Sugandha 999 variety arrived and sold at Rs 1,700-1,800.

Around 10,000 bags of PR14 arrived and sold for Rs 1,280-1,300 .

About 10,000 bags of Pusa-1121 arrived and quoted at around 2,200-2,380 a quintal.

Published on October 29, 2012
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