Aromatic varieties may witness some downward revision while non-basmati varieties may continue to rule around current levels in the coming days, said trade experts.

An unexpected rally in the market pushed up Pusa-1121 and Duplicate basmati rice prices by Rs 400-800 a quintal on Monday, while all the other aromatic and non-basmati varieties remained unchanged.

Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that sudden demand by the rice exporters pushed pusa-1121 and Duplicate basmati rice prices upwards.

Rally in the market at this time of the year was not expected.

Traders see this situation as a temporary phase and expect that market may witness some correction in the coming days, he added.

In the physical market, Pusa-1121 (steam) improved by Rs 700 and sold at Rs 8,300-8,400 a quintal, while Pusa-1121 (sela) quoted at Rs 7,800-7,900 , Rs 800 up from previous levels.

Pure basmati (raw) quoted at Rs 8,800-8,820 .

Duplicate basmati (steam) improved by Rs 400 and sold at Rs 7,000.

For the brokens of Pusa-1121, Dubar quoted at Rs 3,600, Tibar sold at Rs 4,250 while Mongra was at Rs 2,900 .

In the non-basmati section, Sharbati (Steam) sold at Rs 4,750-4,800 while Sharbati (Sela) quoted at Rs 4,300 .

Permal (raw) sold at Rs 2,300-2,350 , Permal (sela) went for Rs 2,300 , PR-11 (sela) sold at Rs 2,900 while PR-11 (Raw) quoted at Rs 2,750 .

PR14 (steam) sold at Rs 3,400 .

Paddy arrivals

Around 3,000 bags of different paddy varieties arrived at the Karnal Grain Market Terminal on Monday from the Uttar Pradesh.

About 1,000 bags of Pusa-1121 arrived and quoted at Rs 3,100-3,150.

Around 2,000 bags of PR arrived and quoted at Rs 1,000-1,100 a quintal.

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