Due to lack of buying in the market, prices of aromatic and non-basmati rice remained rangebound on Monday.
Mr Amit Chandna, Proprietor of Hanuman Rice Trading Company, told Business Line that prices of aromatic rice have already dropped to their lowest levels and it is unlikely to see any major fall from here.
Traders' expectations
Traders expect that market may witness some moves in March, he added.
In the physical market, Pusa-1121(steam) quoted at Rs 3,900-4,000 a quintal while Pusa-1121(sela) sold at Rs 3,400-3,490.
Duplicate Basmati sold at Rs 3,200-3,310. Pure Basmati (Raw) sold at Rs 4,450-4,520, while Pure Basmati (Sela) at Rs 3,950-4,020.
For the brokens of Pusa-1121, Tibar sold at Rs 2,800, Dubar was at Rs 2,425 while Mongra was trading at Rs 1,950.
Sugandha (Steam) was trading at Rs 3,200 while PR14 (steam) was at Rs 3,300. Sharbati (steam) at Rs 2,800-2,840 while the Sharbati (Sela) sold at Rs 2,700-2,760. Permal (sela) sold at Rs 2,000-2,130, while Permal (Raw) quoted at Rs 2,000-2,150.