Rice prices decline on hike in export prices
Rice prices tumbled in the range of Rs 25-50 per quintal on the wholesale grain market on Friday due to restricted buying amid increased supply after the government's decision to raise export prices of rice.
By PTI |
NEW DELHI: Rice prices tumbled in the range of Rs 25-50 per quintal on the wholesale grain market on Friday due to restricted buying amid increased supply after the government's decision to raise export prices of rice.
Trading sentiment turned weak after the central government's decision to hike export prices of non-basmati rice prices to curb rising inflation.
Rice permal raw declined by Rs 25 at Rs 1,400-1,450, rice wand by Rs 50 at Rs 1,600-1,650 and rice sela by Rs 50 at Rs 2,100-2,200 per quintal respectively.
On the other hand, wheat dara prices improved by Rs 10 on fresh buying by rolling flour mills and atta chakkies mills.
Wheat dara rose from Rs 1,120-1,125 to Rs 1,130-1,135 a quintal and chakki atta traded at Rs 1,128-1,130 from Rs 1,118-1,125 per 90 kg on better offtake.
Rolling flour mills prices traded up at Rs 1,125-1,128 a instead of Rs 1,115-1,120 a 90 kilo bag on fresh buying support.
Trading sentiment turned weak after the central government's decision to hike export prices of non-basmati rice prices to curb rising inflation.
Rice permal raw declined by Rs 25 at Rs 1,400-1,450, rice wand by Rs 50 at Rs 1,600-1,650 and rice sela by Rs 50 at Rs 2,100-2,200 per quintal respectively.
On the other hand, wheat dara prices improved by Rs 10 on fresh buying by rolling flour mills and atta chakkies mills.
Wheat dara rose from Rs 1,120-1,125 to Rs 1,130-1,135 a quintal and chakki atta traded at Rs 1,128-1,130 from Rs 1,118-1,125 per 90 kg on better offtake.
Rolling flour mills prices traded up at Rs 1,125-1,128 a instead of Rs 1,115-1,120 a 90 kilo bag on fresh buying support.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
