Some business was seen on the wholesale grain market on Saturday in process of trading, dealers said. On the cereal side, wheat old and wheat new (Bardan) was higher by Rs 20 to Rs 2660 and 2675, other commodities maintained overnight levels due to balanced demand and supply, dealers said.
On the grams side yellow peas Ukraine was up at Rs 3750-3950, bajra, however, shed Rs 50 to Rs 2400-2800, they said. On the rice sector, prices came down modestly as according to a news that Pakistan, the world's 12th largest producer, is forecast to export 4.5 million tonnes of both basmati and white rice next year, up 28.6 percent from 2011.
The parboiled rice at the same quality with Thai or Vietnamese rice is in demand, but the price is about 200 dollars a tonne lower, causing an attraction for the importing countries, dealers said. They said that Irri-6 Sindh low type drifted lower by Rs 75 to Rs 3150 while the best quality was down by Rs 100 to Rs 3200. On the seed side cottonseed oilcake with bag Sindh low type fell by Rs 40 to Rs 1040 and better quality was down by Rs 50 to Rs 1050 due to higher-than-expected production, they said.
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