With no particular reason, paddy arrivals dropped at the Karnal Grain Market Terminal on Thursday. Low stocks of PR varieties arrived at the market and there is no particular reason behind the fall, said Tara Chand Sharma, proprietor of Tara Chand and Sons. Arrivals will increase in a couple of days, he added. Meanwhile, paddy of Pusa-1121 variety, of around 500 bags, arrived for the first time this season in the grain market.
“Arrivals have started, but we have to wait a little more for them to turn heavy as harvesting of aromatic varieties have not yet started in all parts,” said Mr Sharma.
Traders expect the prices of aromatic varieties to be higher than that of last year on low-yield prospects. Not only the low production but also nil carry forward stocks would boost the market, said experts.
Pusa-1121 (steam) ruled around at Rs 5,800 while Pusa-1121 (sela) sold at Rs 4,720-4,750 a quintal. Pure basmati (raw) quoted at Rs 5,500 while pure basmati (sela) sold at Rs 4,600-4,650 . Duplicate basmati traded at Rs 4,600-4,700 a quintal.
PR-11 (sela) sold for Rs 2,500 while PR-11 (Raw) quoted at Rs 2,500-2,525 . Permal (raw) sold at Rs 2,150 while Permal (sela) went for Rs 2,100 . Sharbati (steam) quoted at Rs 3,800 while Sharbati (sela) quoted at Rs 3,700 a quintal.
Paddy Arrivals
Around 1.54 lakh bags of different paddy varieties arrived at the Karnal grain market terminal. About 1.25 lakh bags of PR variety arrived for Rs 1,225-1,300 a quintal, Sharbati arrived with a stock of around 5,000 bags at Rs 1,660-1,750 a quintal while just around 2,000 bags of Sugandha 999 variety arrived and sold at Rs 1,700-1,720 a quintal.