Uptrend in the rice market continued on Saturday with prices of aromatic rice moving up by Rs 50-100 a quintal. Non basmati varieties remained unchanged on moderate buying.
Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that the domestic demand for aromatic and non-basmati rice is good currently and the market may continue to rule firm around current levels for the next few days.
Markets sentiments are still largely positive and traders expect that market may witness some good buying in next few weeks, he said.
In the physical market, Pusa-1121 (steam) went up by Rs 100 to Rs 8,200 a quintal, while Pusa-1121 (sela) improved by Rs 50 and quoted at Rs 7,150 a quintal.
Pure basmati (raw) quoted at Rs 9,000 a quintal. Duplicate basmati (steam) traded at Rs 7,100 a quintal, Rs 100 up.
For the brokens of Pusa-1121, Dubar improved by Rs 100 and quoted at Rs 4,100, Tibar up by Rs 50 and sold at Rs 4,950 while Mongra was at Rs 3,100 a quintal, up Rs 100.
On the other hand, after witnessing an uptrend earlier this week, non-basmati varieties remained unchanged. Sharbati (steam) quoted at Rs 5,400, while Sharbati (sela) was at Rs 5,050 a quintal.
PR-11 (sela) sold at Rs 3,400-3,450 while PR-11 (Raw) quoted at Rs 3,100-3,150 a quintal. Permal (raw) sold at Rs 2,500 a quintal while Permal (sela) went for Rs 2,400 a quintal.
PR14 (steam) sold at Rs 3,200 a quintal. According to the trade experts, PR14 (steam) may witness an uptrend in coming weeks and may increase by Rs 200 a quintal.
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