Basmati prices up with demand

Our correspondent Updated - January 06, 2012 at 06:08 PM.

basmati

Pure basmati (raw) rice remained in demand and prices rose further by Rs 200 a quintal while all other aromatic and non-basmati rice varieties were ruling firm on Friday.

It's unlikely to see any major uptrend in rice prices in near future as export demand for aromatic rice is quite sluggish at present. Domestic demand alone pushed prices upwards, said Mr Amit Chandna, proprietor of Hanuman Rice Trading Company. A bumper production and carry forward stocks are expected to keep non-basmati varieties firm, he added.

According to reports, a decision over further allocation for export of non-basmati rice may come by the end of January.

Prices of pure basmati (raw) increased further by Rs 200 and ruled at Rs 4,700 a quintal, while pure basmati (sela) sold at Rs 4,000 a quintal.

Prices of pusa-1121(steam) quoted at between Rs 4,100-4,225 a quintal while pusa-1121(sela) was at Rs 3,250-3,375 a quintal. Duplicate basmati sold at Rs 3,100-3,250 a quintal.

Among the brokens of Pusa-1121, Tibar sold at Rs 3,100, Dubar was at Rs 2,570 while Mongra was trading at Rs 2,100 a quintal.

Sharbati (steam) quoted around Rs 2,800- 2,920 while the Sharbati (sela) was between Rs 2,750-2,810 a quintal.

Permal (sela) sold at Rs 1,800-2,025 a quintal, while Permal (raw) quoted at Rs 1,900-2,050 a quintal.

Paddy Arrivals

About 4,000 bags of aromatic paddy varieties arrived at the Karnal Grain Market Terminal. Around 2,000 bags of Pusa1121 arrived and sold at Rs 1,850 a quintal, Duplicate basmati arrived with a stock of 1,000 bags and sold for Rs 1,480-1,540 while around 1,000 bags of pure basmati arrived and sold at Rs 1,920 a quintal.

Published on January 6, 2012 12:38