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23 April 2016

Aromatic Rice Price Increases on Tight Supply

New Delhi. Wholesale Prices for India as an average for third week of April traded frail by 1.2% from last week. Prices are currently hovering at Rs.2960-2970/quintal and about 4.24% up from price of Rs.2844/Quintal during corresponding period last year. Agriwatch expects non-basmati rice market to move range bound with some firm tone in coming week.Wholesale basmati rice prices in India's national capital increase continuously from last three week, due to high demand againstrestricted supplies from producing regions. On April 21, 2016, prices of Pusa 1121 increased to around Rs.5, 600- 5,800 per quintal from previous levels of around Rs.5, 400-5,600 per quintal. Prices of common basmati increased to around Rs.6, 000-6,100 per quintal from previous levels of around Rs. 5, 800- 5,900 per quintal.

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