Rice: likely to rise further - 16 May, 2016

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At present the traders believe that the rally in rice will not sustain because of the market has fallen several time after rising up. On the other hand, the exporters are not buying this commodity from the rice mills after the rally in rice. This is why the uptrend in rice may not sustain. This time the best paddy 1121 no. is being sold at Rs 2400 from this, rice 1121 no. priced at Rs 4625 at the mill gate. Seeing this, it is expected to rise further by Rs 200 in the coming days.

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