India Grain
Wheat prices rise on tight supplies; rice, maize steady
This story was originally published at 16:30 IST on 13 February 2025
Register to read our real-time news.Informist, Thursday, Feb. 13, 2025
By J. Navya Sruthi
MUMBAI – Prices of wheat rose across key wholesale markets on Thursday after trading steady for nearly a week due to tight supplies and high demand. Traders anticipates wheat prices to rise by INR 100-INR 200 per 100 kg before the new arrivals start. Prices of rice and maize were unchanged from the previous day in major markets, traders said.
Prices of WHEAT in Indore, Madhya Pradesh, were up INR 100 at INR 3,220 per 100 kg, Gaurav Kochar, a local trader, said. Similarly, prices in Navi Mumbai's Vashi market were up INR 100 at INR 3,400 per 100 kg, said Devendra Vora, a wholesale dealer. In Delhi, prices rose INR 50 to INR 3,150 per 100 kg, according to traders.
Prices increased due to supply tightness and firm demand, Vora said. While demand was muted for the past few days, wheat prices are again on an uptrend because of firm demand, he added. According to Vora, wheat prices are likely to rise INR 100-INR 200 per 100 kg before Mar. 5, when new arrivals begin. "Pipelines are all dry and there is time for new crop to start," Kochar said, adding that these factors are supporting prices.
Prices of sonam RICE from Gujarat remained steady at INR 5,300 per 100 kg in the Vashi market, Vora said. Prices of kolam rice from Nagpur were also steady at INR 5,300-INR 5,400 per 100 kg, while those of new basmati rice were stable at INR 6,000-INR 6,400 per 100 kg, Vora said. Prices of sona masoori rice also remained unchanged from the previous day at INR 5,500-INR 6,400 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, Ravi Shankar, a local trader, said.
Prices of MAIZE in Davanagere, Karnataka, were steady at INR 2,000-INR 2,380 per 100 kg. Arrivals were also flat at 2,000 bags (1 bag = 60 kg), Shiva Kumar, a local trader, said. End
Edited by Subhojit Sarkar
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