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Ample stocks hold rice steady

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Karnal, March 27:  The rice market is likely to rule without much change on account of steady demand and ample stocks for the next few days, said trade experts.

With not much trading taking place in the market, prices of almost all the varieties remained unchanged on Thursday.

Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that following steady domestic demand and easy availability of stocks, retail and bulk buyers are placing orders based on their requirement. Traders expect the market to continue to rule around current levels for the next few days and may witness some alteration in the first week of April, he added.

In the physical market, after witnessing an uptrend earlier this week, aromatic and non-basmati varieties remained unaltered.

Pusa-1121 (steam) sold at ₹8,900-9,000 , while Pusa-1121 (sela) quoted at ₹7,900 . Pure Basmati (raw) quoted at ₹12,200. Duplicate basmati (steam) sold at ₹7,000. Pusa-1121 (second wand) was at ₹7,100, Tibar at ₹6,150 while Dubar at ₹5,000 a quintal.

In the non-basmati section, Sharbati (steam) sold at ₹4,850 while Sharbati (ela) quoted at ₹4,300 . Permal (raw) sold at ₹2,330, Permal (sela) at ₹2,350, PR-11 (sela) sold at ₹2,700 while PR-11 (raw) at ₹2,600 . PR14 (steam) sold at ₹2,950 a quintal.

Courtesy :
  http://www.thehindubusinessline.com/markets/commodities/ample-stocks-hol...

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