A new high yielding basmati variety Pusa-1509 entered the market for the first time on Monday.
Tara Chand Sharma, proprietor of Tara Chand and Sons, told Business Line that like the Pusa-1121 variety, Pusa-1509 is also a long grain variety but gives higher yield.
Around 500 paddy bags of Pusa-1509 arrived from the Uttar Pradesh andfetched Rs 2,550-2,750 a quintal.
According to the market experts, it is a short duration variety and consumes lesser water than Pusa-1121.
In the physical market, the trade witnessed a steady trend, with prices of aromatic and non-basmati rice ruling firm at their previous levels.
Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that following fear of drop in prices in the near future, demand at present in the local market is quite low.
The market is moving at snail’s pace, he added. Pusa-1121 (steam) sold at Rs 8,000-8,100, while Pusa-1121 (sela) was quoted at Rs 7,650-7,750.
Pure basmati (raw) quoted at Rs 8,650.
Duplicate basmati (steam) was sold at Rs 6,600.
For the brokens of Pusa-1121, Dubar quoted at Rs 3,600, Tibar sold at Rs 4,200 while Mongra was at Rs 2,950.
In the non-basmati section, Sharbati (Steam) sold at Rs 4,500-4,600 while Sharbati (Sela) quoted at Rs 4,300.
Permal (raw) sold at Rs 2,300-2,350 while Permal (sela) went for Rs 2,300. PR-11 (sela) sold at Rs 2,900 while PR-11 (raw) was quoted at Rs 2,750.
PR14 (steam) was sold at Rs 3,100.
Except the arrivals of Pusa-1509, around 5,000 bags of PR paddy variety arrived at the Karnal Grain Market Terminal and quoted at Rs 1,250.
Source: The Hindu Business Line