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Slight improvement by foreign and local buyers boosted rice prices on wholesale grain market on Monday, dealers said. On the rice sector, super Basmati Punjab old went up by Rs 500 to Rs 10000-10500, super Basmati Punjab (new) low type was higher by Rs 300 to Rs 9500 and the best type rose by Rs 400 to Rs 10000, super Sela Kainat low type picked up Rs 400 to Rs 11500, the fine quality,
However, was lower by Rs 300 to Rs 12000, Sela Basmati appreciated by Rs 500 to Rs 7000-7300, super Sela Karnal inferior quality gained Rs 800 to Rs 9800 and the good type rose by Rs 700 to Rs 10200 and Basmati (broken) low type picked up Rs 500 to Rs 4500 while the best type retained the overnight level at Rs 5200, they said.
On the grams sector, grams Australia No 1 was down by Rs 500 to Rs 7000-7400, grams Australia No 1 dall followed same pattern, losing same amount to Rs 8500-8900 and grams 50x50 also shed the same amount to Rs 7500-7900, they said. On the seeds side, cottonseeds oilcake with bag Sindh new inferior quality was down by Rs 50 to Rs 900 and the fine type dropped by Rs 30 to Rs 950, other items maintained overnight levels, they said. Prices did not fluctuate on the cereals side in process of trading, they said.

Copyright Business Recorder, 2012

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