Some fresh buying coupled with low availability of stocks pushed a few aromatic and non-basmati varieties up by Rs 50-300 a quintal on Monday.
After witnessing a fall in prices of Pusa-1121 varieties last week, bulk buyers have taken good advantage by buying at those levels, said Tara Chand Sharma, Proprietor of Tara Chand and Sons.
Traders expect that rice price may increase further in near future following low availability of stocks, he said.
In the physical market, Pusa-1121 (steam) and Pusa-1121 (sela) went up by Rs 300 each and sold at Rs 6,700-6,800 and Rs 5,800 a quintal, respectively.
Pure basmati (raw) quoted at Rs 8,000. Duplicate basmati (steam) traded at Rs 5,500-5,600.
Sharbati (steam) increased by Rs 100 and quoted at Rs 4,300, while Sharbati (sela) was at Rs 4,175, up Rs 75.
Similarly, all PR varieties went up by Rs 50 a quintal. PR-11 (sela) sold at Rs 2,550-2,650 while PR-11 (raw) quoted at Rs 2,550-2,600. Permal (raw) sold at Rs 2,200-2,300 while Permal (sela) went for Rs 2,150-2,300.
PADDY ARRIVALS
About 2,000 bags of PR variety arrived and went for Rs 1,125-1,150; Sharbati arrived with a stock of around 2,000 bags and quoted at Rs 2,100-2,130.
About 5,000 bags of Pusa-1121 arrived and quoted at Rs 3,000-3,200 a quintal.
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