Rice: likely to be cool - 11 May, 2016

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Weak selling of paddy and rice in UP, Haryana and Punjab’s markets was seen during the last week which the market witnessed a downtrend of Rs 150 / 300. At present no exporter is keen to buy rice. On the other hand, the resellers are quoting its prices down continuely. Fine rice prices have witnessed a heavy loss in Travadi, Safedo and Nising lines in the last four days. The market will be cool till a few days due to slow demand from exporters.

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