Rice: downtrend may discontinue - 09 June, 2016

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Fine rice witnessed a loss of Rs 100 / 150 due to weak demand from exporters which pegged Sela 1121 no. at Rs 4550 / 4600 and steam at Rs 5400 / 5500. Paddy also stabilized after witnessing a downtrend of Rs 70 / 75.
On the other hand, no seller in Haryana is ready to sell at the lower price. Seeing this, the downtrend in rice may discontinue in the next 1-2 days.

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