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Informist, Friday, Dec. 13, 2024

By J. Navya Sruthi

MUMBAI – Wheat prices in Rajasthan's Kota rose slightly Friday on rising demand, traders said. Prices of rice and maize remained unchanged from the previous day, traders said. 

Prices of mill-quality WHEAT rose by INR 10 in Kota to INR 2,800-2,810 per 100 kg due to rising demand and lower arrivals, local trader Aniket Mehta said. Arrivals were steady from the previous day at 5,000 bags (1 bag = 50 kg), he said. However, in Navi Mumbai's Vashi, prices of the same quality wheat were steady at INR 3,300 per 100 kg, said wholesale dealer Devendra Vora.

Vora sees prices remaining steady till the end of December as wheat prices are already high and will start rising from January again. He said the government has to import wheat to control the rising prices in the domestic markets. Vora sees prices rising by INR 200-300 from current levels till the arrival of the next crop, which will only be after March. 

Prices of MAIZE in Davanagere, Karnataka, were at INR 2,000-2,350 per 100 kg, steady from the previous day, said local trader Shiva Kumar. Arrivals were also steady at 3,000 bags (1 bag = 60 kg), the trader said. 

Maize prices are currently below the minimum support price of INR 2,225 per 100 kg, as arrivals have more than 16% moisture content, Kumar said. However, arrivals with moisture content of 14% or lower are being sold at INR 2,350, which is higher than the minimum support price, he said. 

Prices of sona masoori RICE were steady at INR 5,500-6,400 per 100 kg at Bhavanipuram in Andhra Pradesh, said local trader Ravi Shankar. Prices of new basmati rice were steady in the Vashi market at INR 6,000-6,400 per 100 kg, wholesale dealer Vora said. Prices of sonam rice from Gujarat were also steady at INR 5,600-5,700 per 100 kg, Vora said.  End

Edited by Rajeev Pai

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