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Mixed pattern on

seed, grain markets

RECORDER REPORT

KARACHI: Mixed price pattern was evident on the Karachi seed and grain markets where gains and losses almost matched.

On the seed sector, ground nut Punjab backed away by Rs 50 due to decline in demand but NT Sawgin gained Rs 11 as supplies were reported irregular.

On the cereals sector Mexipak gained Rs 5 and coarse grain Guwar was up by Rs 5 to 2.

Sanyasi on the gram side conceded Rs 25 in adequate supplies, dal yellow peas rose by Rs 25 but dal beetle was sharply lower by Rs 75.

On the 'whole' rice sector Irri 9 Punjab was higher by Rs 25 and Kernal basmati up Rs 100. However, broken basmati dropped Rs 50.

SUGAR was noted sharply up on Saturday much to the surprise of consumers who expected drop in its price because of various government measures. The government has as a measure to check sugar price, withdrawn 10 percent import duty and directed banks to recover loans from sugar producers. However, white sugar rose sharply by Rs 50 and Gur, in sympathy, gained Rs 100.