Steady trend in rice market

Our Correspondent Karnal | Updated on January 31, 2011

The rice market witnessed a steady trend, with the prices of aromatic and non-basmati rice ruling firm on the previous levels, on Monday.

The market witnessed an uptrend last week and trade inquiries are supporting the market at current levels, said Mr Amit Kumar, a rice trader. With arrivals of paddy being low, the market is likely to witness another rally soon, he said.

Pusa-1121 steam ruled at Rs 5,300-5,500 a quintal, Pusa-1121 sela at Rs 4,300-4,500 and Pusa-1121 at Rs 5,300. Pusa (sela) ruled around Rs 3,250 and Pusa (raw) around Rs 4,300. Basmati sela quoted at Rs 5,700-5,750 and basmati raw at Rs 6,750.

Duplicate Basmati ruled around Rs 4,000 a quintal. The prices of brokens of 1121 variety were: Tibar was quoted at Rs 3,000-3,400, Dubar at Rs 2,200-2,500 and Mongra at Rs 1,800-2,000. Around 2,000 bags of PR sold between Rs 1,030 and Rs 1,050. About 3,000 bags of Sugandha-999 that arrived were quoted at Rs 1,550-1,650. Around 1,200 bags of Pusa (duplicate basmati) quoted at Rs 2,000-2,150 and about 2,000 bags of pure basmati, Rs 2,200-2,600.

Published on January 31, 2011

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