India Grain
Prices remain unch in key mkts ahead of assembly polls
This story was originally published at 21:17 IST on 26 July 2024
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By Afra Abubacker
NEW DELHI – Prices of rice, wheat, and maize were steady today across key markets in India, traders said. Rates of major cereal staples are likely to remain steady as assembly elections in Maharashtra, Jharkhand, and Haryana are due later this year, they added.
Prices of mill-quality WHEAT in Indore, Madhya Pradesh, were steady at 2,650-2,680 rupees per 100 kg, said Lavish Shah, a local trader. Arrivals were steady from the previous day at 1,100 bags (1 bag = 100 kg), Shah said. Prices of mill-quality wheat in Vashi, near Mumbai, were steady at 2,750 rupees per 100 kg, said Devendra Vora, a wholesale broker. The all-India average wholesale price of wheat was 2,795.88 rupees per 100 kg, up 15.12 rupees from 2,780.76 rupees per 100 kg on Thursday, according to the Department of Consumer Affairs.
At 1938 IST, the most-active September wheat contract on the Chicago Board of Trade was at $5.33 per bushel, down 1% from its previous close.
Prices of basmati RICE were steady at 8,000-8,100 rupees per 100 kg in Vashi, wholesale broker Devendra Vora said. The all-India average wholesale price of rice was 3,930.33 rupees per 100 kg from 3,940.17 rupees on Thursday, according to the consumer affairs department.
Prices of MAIZE in Chhindwara, Madhya Pradesh, were steady from the previous day at 2,550-2,685 rupees per 100 kg, a local trader said. At 1608 IST, the most-active December corn contract on the Chicago Board of Trade was at $4.13 per bushel (1 bushel = 27.2 kg), down 2% from its previous close.
COMMODITY | MARKET | PRICE (rupees/100 kg) | CHANGE (rupees) |
| Wheat | Vashi | 2,750 | unch |
| Indore | 2,650-2,680 | unch | |
| Maize | Chhindwara | 2,550-2,685 | unch |
| Rice | Vashi | 8,000-8,100 | unch |
End
With inputs from J. Navya Sruthi
Edited by Akul Nishant Akhoury
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