Saturday, October 28, 2017

Pakistan Paddy update 28-10-17, 4pm

Pakistan Paddy update 28-10-17,     ,4pm,                  Week end report(till thurseday 26-Oct 2017 Non Basmati , Supri, Kamonke, arrival almost finished. Thingmore Allahabad , Supri strong, moisture 18%, 1200/1240, Supri Sella 2200/2250 , Kamonke closed at 1100/1125, static,                                                               Basmati,   1509, Paddy , very little arrival in Mundi, moisture is low, rate 1550/1575, 1509 Sella, 3700/3750, firm,                      C1121 , Arrival is near peak, paddy is healthy. Moisture was high (23/26%) till last week. Price remained under pressure, all the week it remained 1600 ex mill delivered from all origin.     Khushab/Quidabad 1600/1670, Hafizabad1600/1635, NRSP, 1540/1570,   Garh More Jhang 1475/1500, Pull Bagar 1480/1550, Kamalia 1500/1520, Talamba 1470/1550, Thingmor/Allahabad1600/, Bahawalnagar 1520/1650 low moisture, Reasonable level to buy,  Sella rice 1509, Rs3700/3750, strong demand for mixing,  C1121. Sella Rice 3800/3850, Okara, 3850/3900,                                Super Basmati Paddy,  arrival is picking up, Kamonke Rs1580/1600 moisture 24/27%, Pasrur/Norowal 1600/, ex mill 1650/, except Kamonke, Wahndo,Daska,Sialkot, wazirabad, Thingmore strong preference for Super Basmati. All the Punjab rice millers including Gujranwala, Sialkot, Kamonke, Muridke, Gakhar Mundi, are amassing/building C1121 paddy stocks. Super Basmati is 2nd prefere preference.                      Bottom line, C1121 paddy price will increase this week(from satureday today.) It might touch Rs1700. Super Basmati paddy will remain at present level this week. Super basmati long position is uncertain.

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