Sluggish offtake keeps rice steady

| | Updated on: Jan 12, 2011
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In the absence of fresh buying in the market, prices of aromatic and non-basmati rice have remained unchanged since last weekend. Owing to sluggish domestic demand, the rice market is witnessing a steady trend, said, Mr Praveen Kumar, a rice miller.

On the other hand, in the international market, basmati rice prices in the last few weeks have firmed up by $50 per tonne and are expected to rise by another $50-100 a tonne, according to the reports. On Wednesday, Pusa-1121 steam (new) ruled at Rs 5,150-5,180 a quintal, while the old variety quoted at Rs 5,200-5,250. Pusa-1121 sela (new) was Rs 4,100-4,150, and the old variety, Rs 4,250. Pusa-1121 raw (new) was at around Rs 5,080, while the old variety quoted at around Rs 5,200. Pusa (sela) ruled at Rs 3,150-3,200 and Pusa (raw) around Rs 4,200. Basmati sela quoted at Rs 5,950-6,000, and basmati raw at Rs 6,950-7,000. Brokens, such as Tibar, was at Rs 3,100, Dubar at Rs 2,300, and Mongra at Rs 2,000. Permal sela ruled at Rs 2,000-2,150, while Permal steam was at Rs 2,170 a quintal. Sharbati sela sold around Rs 2,700 and Sharbati steam at Rs 2,970-3,000 a quintal.

Around 2,000 bags of PR were sold between Rs 1,020 and Rs 1,040. About 2,500 bags of Sharbati ruled at Rs 1,600. Sugandha-999 arrived in about 3,000 bags, and was quoted at Rs 1,500-1,650.

Published on January 12, 2011

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