India domestic rice prices

Domestic demand, coupled with fresh trade enquires, kept aromatic and non-basmati rice firm on Monday.

Rice, which has rallied in the last one week, ruled firm at previous quoted levels as trade enquiries supported the market, said Amit Chandna, Proprietor of Hanuman Rice Trading Company.

Rising retail demand has turned the market sentiment positive and prices are likely to rule around current levels this week, he added.

Prices of aromatic varieties have increased by Rs 200-500 a quintal while the non-basmati varieties have gone up by Rs 70-400 over the last one week.

Traders expect that market may rule range-bound but within a positive territory, said market experts.

In the physical market, Pusa-1121 (steam) sold at Rs 8,200 while Pusa-1121 (sela) quoted at Rs 7,150.

Pure basmati (raw) quoted at Rs 9,000. Duplicate basmati (steam) traded at Rs 7,100.

For the brokens of Pusa-1121, Dubar quoted at Rs 4,100, Tibar sold at Rs 4,950 while Mongra was at Rs 3,100.

Similarly, non-basmati varieties remained unchanged. Sharbati (steam) quoted at Rs 5,400, while Sharbati (sela) was at Rs 5,050.

PR-11 (sela) sold at Rs 3,400-3,450 while PR-11 (raw) quoted at Rs 3,100-3,150.

Permal (raw) sold at Rs 2,500 while Permal (sela) went for Rs 2,400 . PR14 (steam) sold at Rs 3,200.