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Now the West Asia crisis has come as a jolt for the Indian rice market, which is already going through a bad phase.
Bahrain, Yaman and Siriya are the main importers in West Asia but due to unstable conditions, they are not giving big orders, said Mr Vijay Satia, President of All-India Rice Exporters Association.
Though we are getting orders from other countries, they are not as big as we used to get in past, he added.
Sluggish domestic demand also pulled the prices of both aromatic and non-basmati rice down.
On Wednesday, prices of Pussa 1121 rice (steam) dropped Rs 50-80 and ruled at Rs 5,100-5,200 a quintal, Pusa-1121(sela) dropped Rs 60-75 at Rs 4,140-4,250, and Pusa-1121(raw) decreased Rs 40-50 and was at Rs 5,050-5,100.
Prices of duplicate basmati ruled at Rs 3,850-4,000 a quintal.
Following the drop in full grain rice, prices of the brokens of both aromatic and non-basmati rice dropped too.
Brokens such as, Tibar was quoted at Rs 3,000-3,400, Dubar at Rs 2,300-2,600 and Mongra at Rs 1,800-2,100.
Prices of non-basmati varieties dropped by Rs 50 from their upper levels, Sharbati (steam) was quoted at Rs 3,000-3,100 while the Sharbat (Raw) was at Rs 2,800-2,900 a quintal.
PR-11 (sela) ruled at Rs 2,000-2,050 and PR-11(Raw) was at Rs 2,000-2,150 a quintal. PR (sela) was quoted at Rs 1,600-1,900 a quintal while PR (Raw) traded at Rs 1,800-1,900 a quintal.
For the brokens of Sharbati variety, Tibar was quoted at Rs 2,400, Dubar was at 2,100 and Mongra was at Rs 1,450.
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