India: Non-basmati rice weakens on selling by stockists
May 22,2007 00:00 by dailynews

In thin trading, non-basmati rice prices declined in the wholesale grains market on Saturday on increased offerings by stockists against sluggish demand. Wheat and other commodities, however, held unchanged on some deals.

Traders said stockists selling against reduced demand mainly pulled rice prices down. In the rice section, permal raw lost Rs 35 at Rs 1100-1160 per quintal while sale lost Rs 40 at Rs 1430-1500 a quintal. Rice IR-8 traded Rs 20 down at RS 1000-1030 a quintal for want of support.

Following were Saturday's quotations per quintal:

Rice basmati (lal quila) 5000, Shri Lal Mahal 4800, Basmati common 3550-3750, Permal raw new 1100-1160, old 850-880, permal wand 1260-1320, sela 1430-1500 and rice IR-8 1000-1030, Bajra 700-705, Jowar 720-745 (yellow), Maize 720-725 Barley (UP) 715-785 and Rajasthan 645-655.