India: Rice market witnesses mixed trend

KARNAL, MAY 5:

The rice market witnessed a mixed trend; following equal demand and supply prices of aromatic rice ruled flat while good quality and some buying lifted the prices of non-basmati rice, on Thursday.

Mr Praveen Kumar, a rice miller, told Business Line that market is doing well at present; prices of aromatic and non-basmati rice have increased by 100-150 a quintal in last 15 days. Despite continuous uptrend in the last few days, it's unlikely to see further major uptrend in near future, he added.

After witnessing a good rise at the beginning of this week, aromatic rice varieties ruled flat. Prices of Pusa 1121 (steam) ruled at Rs 5,200-5,500 a quintal, Pusa-1121(sela) was quoted at Rs 4,150-4,450, and Pusa-1121(raw) was at Rs 5,150-5,200.

Prices of duplicate basmati was quoted at Rs 3,750-4,120 a quintal. Prices of Pure Basmati (raw) ruled at Rs 6,800-7,000 a quintal.

For the brokens of Pusa 1121, Tibar was quoted at Rs 3,100-3,575, Dubar at Rs 2,400-2,700 and Mongra was at Rs 1,900-2,250.

Sharbati (steam) rose by Rs 50-80 and was quoted at Rs 3,100-3,350 while the Sharbati (sela) was at Rs 3,000 a quintal.

Prices of PR11 (Sela) rose marginally by Rs 50 and ruled at Rs 2,100-2,250 and PR-11 (raw) was quoted at Rs 2,050-2,250 a quintal.

Permal (sela) was quoted at Rs 1,750-2,050 a quintal while Permal (raw) traded at Rs 1,900-2,100 a quintal; both varieties are Rs 50 up from their previous quoted levels.

Prices of the brokens of Sharbati variety ruled flat, Tibar was quoted at Rs 2,350-2,530, Dubar was at 2,100-2,250 and Mongra ruled around Rs 1,850 a quintal.

(Source: http://www.thehindubusinessline.com/markets/commodities/article1993957.ece)