The rice market witnessed a mixed trend on Monday with buying being lacklustre. The Pusa-1121 and Sharbati rice varieties witnessed a downtrend, while all other aromatic and non-basmati varieties managed to maintain their previous levels.

Mr Amit Chandna, Proprietor, Hanuman Rice Trading Company, told Business Line that weak export demand and tepid domestic demand pulled rice down. There is no bulk buying in the market, while retail traders are buying only limited quantities as there is too much volatility in the market, he said.

The market may rule around current levels for the next few days and may witness some alteration in the first week of June, said Mr Amit.

In the physical market, after ruling firm for almost one week, the prices of Pusa-1121(steam) eased by Rs 200 and quoted at Rs 5,600 a quintal while Pusa-1121 (sela) sold at Rs 4,550 a quintal, Rs 150 down from the previous level.Pure basmati (raw) quoted at Rs 5,500 a quintal while pure basmati (sela) sold at Rs 5,000 a quintal.

For the brokens of Pusa-1121, Tibar sold at Rs 3,600-3,800, Dubar at Rs 2,900-3,000, and Mongra at Rs 2,200-2,400 a quintal.

Duplicate basmati went for Rs 4,300 a quintal, PR-14 (steam) Rs 2,400-2,600, and Sugandha (steam) Rs 3,700 a quintal.

The prices of Sharbati (steam) and Sharbati (sela) went down by Rs 50 each and sold at Rs 3,450 and Rs 3,350-3,400 a quintal, respectively.

PR varieties remained unchanged. Permal (raw) sold at Rs 2,000-2,120 a quintal, Permal (sela) at Rs 2,080 a quintal, PR-11 (sela) at Rs 2,300-2,430, and PR-11 (raw) at Rs 2,475 a quintal.

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