Commodities

Tepid trading keeps rice flat

Nitish Sharma Karnal | Updated on March 30, 2011

rice

Rice prices of both aromatic and non-basmati varieties remained flat amid tepid trading in the market.

Traders are not getting fresh orders and the situation may remain steady till the end of this week, said Mr Amit Chandna, proprietor of Hanuman Rice Trading Company. “We are expecting some movement in the first week of the April month,” he added. Mr Chandna said ending of the financial-year is the prime reason behind the low trading.

After witnessing a drop at the beginning of this week prices of pusa-1121 varieties managed to maintain their previous levels. Pusa 1121 rice (steam) ruled at Rs 5,100-5,275 a quintal, Pusa-1121(sela) was quoted at Rs 4,125-4,300, and Pusa-1121(raw) was at Rs 5,040-5,130. Prices of duplicate basmati ruled at Rs 3,700-4,000 a quintal.

Brokens such as Tibar was quoted at Rs 3,000-3,350, Dubar at Rs 2,350-2,580 and Mongra at Rs 1,800-2,120.

Non-basmati continued to rule flat. Sharbati (steam) was quoted at Rs 3,000 while the Sharbati (Raw) was at Rs 2,800-2,890 a quintal.

PR-11 (sela) ruled at Rs 2,010-2,040 and PR-11 (Raw) was at Rs 2,000-2,135 a quintal. Permal (sela) was quoted at Rs 1,650-1,900 a quintal while Permal (Raw) traded at Rs 1,800-1,875 a quintal. For the brokens of Sharbati variety, Tibar was quoted at Rs 2,350, Dubar was at 2,120 and Mongra was at Rs 1,450.

Published on March 30, 2011

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