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Easier trend was seen on the wholesale grain market on Saturday as local commodities were under pressure due to persisting decline in the rates the world over, experts said. On the cereal side wheat old and new Bardan were down by Rs 15 to Rs 2685-2700 in process of trading, other items showed no major changes due to slow demand, they added.
On the rice sector, Irri-6 Sindh low type was lower by Rs 80 to Rs 3000 and the best quality shed Rs 100 to Rs 3050 in the absence of demand by retailers and exporters, world's major exporting countries losing orders due to financial and other problems, they said.
A solo change was seen on the seed side where cottonseeds oilcake with bag Sindh both inferior and superior types lost Rs 50 to Rs 800-850 owing to the easy supply but no strong demand, they added. Gram items held the overnight levels in the absence of proper demand, they added.

Copyright Business Recorder, 2011

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