Prices moved both ways in the local grain market on Tuesday as most of the buyers made some fresh deal to meet their near-term needs, dealers said. On the rice sector Irri white (broken) gained Rs 25 to Rs 1400-1425, irri-6 Sindh quoted higher at Rs 1975-1700 due to persistent demand by the exporters and also because of massive buying for hoarding, they said.
Commenting on the soaring prices in the rice sector some commodity and grain experts said that both the factors have pushed the prices all-time high. They also said that recently prices soared because of hoarding and secondly because of massive exports. Some leading wholesalers said that there was no indication of sharp fall in the prices in the coming days due to the said reasons.
Basmati/D-98 Shahadadkot and Basmati Bagar Jee both lost Rs 100 to Rs 4000-4100, they said.
On the seed side, cottonseed oilcake with bag better type shed Rs 20 to Rs 580 and inferior type maintained its overnight level, they said. On the cereals side makai after maintaining a firm trend for many weeks, inferior type was up by Rs 25 to Rs 1300 and good type rose by Rs 50 to Rs 1350, in sympathy, juwar followed same trend, picking up Rs 30 to Rs 1180-1190, they said.
Wheat old and new shed Rs 10 to Rs 1165-1180 in process of modest trading, they added. On the grams sector not a single item moved any side due to balanced demand and supply position, they observed.
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