Enquiries push up Pusa, basmati

Our Correspondent Updated - March 12, 2018 at 12:02 PM.

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New trade enquires pushed up Pusa-1121 (sela) and duplicate basmati prices, while all other aromatic and non-basmati rice varieties were unchanged on Monday.

In overseas markets, Indian white rice touched $455-$465 a tonne (f.o.b.) last week, up from $440-$450 a week ago.

Demand for Indian rice abroad is rising and recently traders signed new contracts for aromatic varieties, said Mr Tara Chand Sharma, proprietor of Tara Chand and Sons. A weak dollar against the rupee also supported the rise in prices, he added.

On the physical market, Pusa-1121 (steam) quoted at Rs 4,000-4,100 a quintal while Pusa-1121 (sela) went up Rs 100 at Rs 3,500. Duplicate basmati increased by Rs 50 at Rs 3,150-3,250 a quintal.

Pure basmati (raw) sold at Rs 4,500 a quintal, while pure basmati (sela) sold at Rs 4,100-4,150.

For the brokens of Pusa-1121, Tibar sold at Rs 3,300, Dubar was at Rs 2,800 while Mongra traded at Rs 2,250 a quintal. Permal (sela) sold at Rs 2,125-2,210 a quintal, while Permal (raw) quoted at Rs 2,150-2,200.

Around 2,000 bags of aromatic paddy varieties arrived at the Karnal grain market terminal.

Published on January 30, 2012 16:07