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Rice seen ruling at current levels

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Karnal, March 24:  After witnessing a downtrend last week, prices of Pusa-1121 and Sharbati varieties improved by ₹50-150 a quintal while all the other aromatic and non-basmati rice varieties ruled flat on lukewarm trading.

Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that fresh trade enquiries mainly pushed Pusa-1121 and Sharbati varieties marginally up.

Market has been ruling in a tight range since the beginning of March and prices may continue to rule around current levels with marginal fluctuation even in the next few days.

In the physical market, Pusa-1121 (steam) improved by ₹150 and sold at ₹8,900-9,000, while Pusa-1121 (sela) went up by ₹100 and 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, prices of Sharbati (Steam) increased by ₹50 and sold at ₹4,850 while Sharbati (sela) 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/rice-seen-ruling...

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