Rice prices sharply lower on grain market

Rice prices were sharply down on grain market on Wednesday as the supply was enough to meet the demand, dealers said. On the rice sector, Basmati rice low type lost Rs 600 to Rs 2200 and the best type was steeply lower by Rs 1300 to Rs 2300 during the trading session, they said.
On the cereal side, wheat old Bardan was at Rs 1530 and new type was registered at Rs 1545, guwar from Sindh was lower by Rs 50 to Rs 1975-2000, they said. On the seed side, cottonseed oilcake with bag Sind old low type shed Rs 25 to Rs 625 and good type was down by Rs 20 to Rs 680, cottonseed oilcake with bag new shed Rs 10 to Rs 720-740, they added.