Commodities

Trade enquiries boost sharbati rice

Our Correspondent Karnal | Updated on February 28, 2011

Different varieties of rice kept for sale at a shop in Kochi, Kerala. (file photo): K K Mustafah   -  Business Line

Basmati rice (file photo): P. V .Sivakumar   -  Business Line

Prices of the sharbati variety continued their uptrend with a Rs 20-25 a quintal increase on Monday, while aromatic and other non-basmati varieties ruled unchanged.

Mr Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that some buying and trade enquiries of the sharbati variety lifted the prices. With not much overseas demand, prices of aromatic varieties were ruling range-bound as the demand of aromatic varieties in the domestic market was low, he said. The market may rule around current levels in this week, said Mr Chandana.

Prices of Pusa-1121 (steam) ruled at Rs 5,200-5,300 a quintal, Pusa-1121(sela) ruled at Rs 4,250-4,400, and Pusa-1121(raw) at Rs 5,150-5,200. Basmati (sela) was sold at Rs 6,200-6,250 and basmati (raw) at Rs 7,300-7,370.

Prices of duplicate basmati ruled at Rs 3,950-4,100 a quintal. Brokens such as Tibar was quoted at Rs 3,000-3,500, Dubar at Rs 2,200-2,600 and Mongra at Rs 1,900-2,100.

Prices of sharbati (sela) quoted at around Rs 2,650-2,690 while sharbati (steam) at Rs 3,000-3,175.

Permal (sela) ruled at Rs 1,900-2,100 and Permal (steam) was at Rs 2,100-2,200 a quintal. For the brokens of the sharbati variety, Tibar was quoted at Rs 2,450, Dubar was at 2,090 and Mongra was at Rs 1,470.

Paddy Trading

About 250 bags of Pusa (duplicate basmati) went for Rs 2,100-2,120 a quintal and around 300 bags of Pusa-1121 at Rs 2,000-2,400 a quintal. Around 350 bags of pure basmati arrived and were sold at Rs 2,250-2,550 a quintal.

Published on February 28, 2011

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