Best Viewed in Mozilla Firefox, Google Chrome



Rice market to witness hand-to-mouth buying

 Karnal, February 10:  The rice market witnessed a steady trend with prices of aromatic and non-basmati rice ruling flat on Monday on restricted trading.

With not much buying taking place in the market, rice prices were unchanged, said Amit Kumar, proprietor of Ginni Rice. Following steady domestic demand and easy availability of stocks, retail and bulk buyers are placing orders based on their requirement, he added.

According to the trade experts, the market may see only hand-to-mouth buying and prices may rule with marginal fluctuation for the next few days.

In the physical market, Pusa-1121 (steam) sold at ₹9,200-50, while Pusa-1121 (sela) quoted at ₹8,150. Pure Basmati (Raw) quoted at ₹12,500. Duplicate basmati (steam) sold at ₹7,000. Pusa-1121 (second wand) was at ₹7,050, Tibar at ₹6,100 while Dubar at ₹5,000.

In the non-basmati section, Sharbati (Steam) sold at ₹5,000 while Sharbati (Sela) was quoted at ₹4,800. Permal (raw) sold at ₹2,300, Permal (sela) at ₹2,350 a quintal, PR-11 (sela) sold at ₹2,900 while PR-11 (Raw) was at ₹2,800. PR14 (steam) sold at ₹3,200 a quintal.
Paddy Arrivals

About 6,000 bags of different paddy varieties arrived at the Karnal Grain Market Terminal. About 5,000 bags of Pusa-1121 arrived and went for ₹4,200 while 1,000 bags of Sharbati went for ₹2,230 a quintal.



Bulk buyers, millers stay away from rice market

Karnal, Dec. 9: 

Rice market may rule range-bound in the coming days with bulk buyers keeping away from the market, said trade experts.

Rice prices were unchanged amid tepid selling on Monday.

Due to lack of trading at all levels, prices of almost all rice varieties remained unchanged, said Amit Kumar, proprietor of Ginni Rice.

There is no bulk buying in the market currently as traders have adopted a wait-and-watch policy following too much volatility in the market in the recent past, he added.

Only need-based buying is taking place and the situation of the market was anticipated, said Tara Chand Sharma, proprietor of Tara Chand and Sons.

Lack of participation by bulk buyers and millers is the prime reason behind the current situation, he said.

Market may continue to rule around current levels even in the coming days.

In the physical market, Pusa-1121 (steam) sold at Rs 8,800, while Pusa-1121 (sela) quoted at Rs 7,750-7,800 a quintal.

Pure Basmati (Raw) quoted at Rs 12,500. Duplicate basmati (steam) sold at Rs 7,500.

Sharbati (Steam) sold at Rs 5,000-5,100 while Sharbati (Sela) quoted at Rs 4,650 .

Permal (raw) sold at Rs 2,350 while Permal (sela) was at Rs 2,400 . PR-11 (sela) sold at Rs 3,200 while PR-11 (Raw) quoted at Rs 3,000.

PR14 (steam) sold at Rs 3,350 .

Paddy arrivals

About 10,000 bags of PR paddy arrived and quoted at Rs 1,300, around 20,000 bags of Pusa-1121 arrived and sold at Rs 3,700-4,350 , while 5,000 bags of Sharbati arrived and sold at Rs 2,100-2,200.

500 bags of Pure Basmati sold at Rs 5,750-5,800 , about 2,000 bags of DB sold at Rs 4,100- 50 while around 5,000 bags of Sugandha-999 was at Rs 2,750-2,800 a quintal.
(This article was published on December 9, 2013)



Rice market seen tumbling on ample stocks

Courtesy : The Hindu Business Line News Paper. Dt: 5.07.2013


Rice seen ruling firm next week

Courtesy : The Hindu Business Line News Paper. Dt 20.04.2013


Rice rallies as millers hold on to stocks

Courtesy : The Hindu Business Line News Paper. Dt. 09.04.2013


Rice rules steady ; brokens may rise

Courtesy : The Hindu Business Line News Paper Dt - 01.04.2013

Syndicate content
Copy rights | Disclaimer | RKMP Policies