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Modest business was seen on the wholesale grain market on Saturday ahead of long weekend due to Eid holidays, dealers said. On the grams side grams Australia No 1 lost Rs 50 to Rs 4600-4800, grams Australian No 1 dal also fell by Rs 100 to Rs 5700-5900, bajra, however, low type managed to gain Rs 100 to Rs 2400, and best type was higher by Rs 200 to Rs 2800 due to strong demand as winter has began, which pushed up demand. Other items were unmoved in process of trading, they said.
On the rice sector Irri-6 sindh low type gained Rs 50 to Rs 3100 and best type posted little rise of Rs 25 to Rs 3175, other type were unmoved due to balanced demand and supply, they said, Only one change was seen on the seeds side, where cottonseed oilcake with bag low type shed Rs 100 to Rs 900 due to increasing supply while the good type was unchanged at Rs 1100, they said. Prices retained the overnight levels on the cereals side, they added.

Copyright Business Recorder, 2011

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