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marginal fluctuations

26
Nov

Rice market seen ruling stable next few days

Karnal, Nov. 25: 

The rice market may continue to rule around current levels with marginal fluctuations in coming days, according to market experts.

The market witnessed a mixed trend with reduced offtake pulling Sharbati rice varieties down by Rs 300-400 a quintal on Monday, while all other aromatic and non-basmati varieties managed to rule firm at their previous levels.

Amit Kumar, Proprietor of Ginni Rice, told Business Line that a steady trend has prevailed following lack of buying interest in the market.

Though prices rose on a few occasions, the market could not retain those levels. Restricted availability of stocks is limiting the fall, he said.

It is unlikely to see any major alteration in the coming days and market may continue to rule around current levels with marginal alteration, said market sources.

In the physical market, Pusa-1121 (steam) sold at Rs 9,100-9,200 , while Pusa-1121 (sela) quoted at Rs 8,000-8,100 a quintal.

Pure Basmati (Raw) quoted at Rs 12,700 .

Duplicate basmati (steam) sold at Rs 8,000 .

In the non-basmati section, Sharbati (Steam) dropped by Rs 300 and sold at Rs 5,100-5,300 while Sharbati (Sela) quoted at Rs 4,700-4,900 , Rs 400 down.

Permal (raw) sold at Rs 2,350-2,400 while Permal (sela) was at Rs 2,400-2,500. PR-11 (sela) sold at Rs 3,300 while PR-11 (Raw) quoted at Rs 3,000-3,100 .

PR14 (steam) sold at Rs 3,400 .
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 4,150-4,500, while 10,000 bags of Sharbati arrived and sold at Rs 2,300-2,425 .

Around 5,000 bags of Duplicate Basmati arrived and went for Rs 4,150-4,200 , 5,000 bags of Sugandha-999 went for Rs 3,150-3,200 , while 1,000 bags of Pure Basmati sold at Rs 5,900-5,950 a quintal.
(This article was published on November 25, 2013)

Courtesy:http://www.thehindubusinessline.com/markets/commodities/rice-market-seen-ruling-stable-next-few-days/article5390500.ece?ref=wl_markets

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