Karnal, Dec. 9:
Rice market may rule range-bound in the coming days with bulk buyers keeping away from the market, said trade experts.
Rice prices were unchanged amid tepid selling on Monday.
Due to lack of trading at all levels, prices of almost all rice varieties remained unchanged, said Amit Kumar, proprietor of Ginni Rice.
There is no bulk buying in the market currently as traders have adopted a wait-and-watch policy following too much volatility in the market in the recent past, he added.
Only need-based buying is taking place and the situation of the market was anticipated, said Tara Chand Sharma, proprietor of Tara Chand and Sons.
Lack of participation by bulk buyers and millers is the prime reason behind the current situation, he said.
Market may continue to rule around current levels even in the coming days.
In the physical market, Pusa-1121 (steam) sold at Rs 8,800, while Pusa-1121 (sela) quoted at Rs 7,750-7,800 a quintal.
Pure Basmati (Raw) quoted at Rs 12,500. Duplicate basmati (steam) sold at Rs 7,500.
Sharbati (Steam) sold at Rs 5,000-5,100 while Sharbati (Sela) quoted at Rs 4,650 .
Permal (raw) sold at Rs 2,350 while Permal (sela) was at Rs 2,400 . PR-11 (sela) sold at Rs 3,200 while PR-11 (Raw) quoted at Rs 3,000.
PR14 (steam) sold at Rs 3,350 .
About 10,000 bags of PR paddy arrived and quoted at Rs 1,300, around 20,000 bags of Pusa-1121 arrived and sold at Rs 3,700-4,350 , while 5,000 bags of Sharbati arrived and sold at Rs 2,100-2,200.
500 bags of Pure Basmati sold at Rs 5,750-5,800 , about 2,000 bags of DB sold at Rs 4,100- 50 while around 5,000 bags of Sugandha-999 was at Rs 2,750-2,800 a quintal.
(This article was published on December 9, 2013)