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Cash Crunch Weighs on Rice Prices In Haryana; Millers Need Money For Buying

21 Oct 2020 3:54 pm
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NEW DELHI (Commodities control) - Prices of various rice varieties fell down by Rs. 100 per quintal in Haryana on higher selling from millers. Cash crunch was the reason for the price fall. PR steam rice slipped Rs. 200 per quintal in Punjab. However, there was no significant price change recorded in Delhi markets.

In Karnal and other markets of Haryana, varieties of 1509 and 1121 rice slipped Rs. 100 per quintal. 1509 steam new fell down from Rs. 4600 to Rs. 4500 per quintal. Same variety of last season was priced at Rs. 4900 per quintal with a loss of Rs. 100 per quintal.

According to the traders, millers were against price reductions. But now, they forced to reduce prices due to cash crunch. Millers need cash to buy new paddy for milling. Most sought 1121 paddy begins to reach mandis. This is high time for millers to purchase paddy and stock for milling in further months.


PR steam rice traded at Rs. 2900 per quintal in Fazilka mandi of Punjab. Other markets of Punjab have seed stability in other varieties of rice. Delhi rice market also remained stable. According to the traders, festival demand is yet to come to be seen. Retail demand was stable;supporting rice prices.


Mandi

Rice Variety

21-Oct

20-Oct

Change

Naya Bazar, Delhi

DP Steam

5500

5500

0

Naya Bazar, Delhi

DP Sela

5200

5200

0

Naya Bazar, Delhi

1509 Steam

4800

4800

0

Naya Bazar, Delhi

1509 Sela

3700

3700

0

Naya Bazar, Delhi

Sugandha Steam

3800

3800

0

Naya Bazar, Delhi

Sugandha Sela

3500

3500

0

Naya Bazar, Delhi

1121 Steam

6000

6000

0

Naya Bazar, Delhi

1121 Sela

4800

4800

0

Taraori, Karnal

1509 Steam New

4500

4600

-100

Taraori, Karnal

1509 Steam Old

4900

5000

-100

Taraori, Karnal

1509 Sela New

3500

3600

-100

Taraori, Karnal

1509 Sela Old

3900

4000

-100

Taraori, Karnal

1121 Steam

6100

6200

-100

Taraori, Karnal

1121 Sela

4900

5000

-100

Fazilka, Punjab

1509 Steam-New

4500

4500

0

Fazilka, Punjab

1509 Steam-Old

4900

4900

0

Fazilka, Punjab

1121 Steam

6200

6200

0

Fazilka, Punjab

1401 Steam

5700

5700

0

Fazilka, Punjab

PR Steam

2900

3100

-200

Fazilka, Punjab

PR Sela

2950

2950

0

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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