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Informist, Wednesday, Mar. 5, 2025

By Shreya Shetty

MUMBAI – Prices of wheat and rice were steady, while prices of maize were mixed at key spot markets across the country, traders said. Prices of wheat are likely to remain steady till Holi, which falls on Mar. 14, traders said. Prices of maize rose owing to firm demand in some markets, while they remained steady in other markets, they said.

Prices of mill-quality WHEAT in Kota, Rajasthan, were steady at INR 2,700-INR 2,750 per 100 kg, said a local trader. Arrivals were steady at 5,000 bags (1 bag = 50 kg), he said. Temperatures have fallen in the state, which could result in a delay in arrivals of the crop. Colder weather slows the process of the crop getting ready for harvest.

Though traders say the crop will not be damaged by the fall in temperatures, the slowdown comes at a time when there is already a dearth of arrivals in the market, exacerbating the shortage resulting from a lack of carryover stocks from the last rabi season.

Prices of mill-quality wheat in Vashi, Navi Mumbai, were also steady at INR 2,950 per 100 kg, wholesale trader Devendra Vora said. Vora said prices are likely to remain steady till Holi and fall thereafter. He expects a further downside of INR 100-INR 200 per 100 kg in wheat prices. 

Prices of mill-quality wheat were steady at INR 2,800 per 100 kg in Indore, Madhya Pradesh, local trader Gaurav Kochar said. Arrivals fell by 2,000 bags to 8,000 bags (1 bag = 100 kg), he said. However, prices of the same quality wheat in Delhi were down by INR 70 from Tuesday at INR 3,000 per 100 kg, traders said.

MAIZE prices in Ashok Nagar, Madhya Pradesh, rose by INR 60 from Tuesday to INR 2,430 per 100 kg, Kochar said. Prices were supported by firm demand for the coarse grain, he said. On the other hand, prices of maize in Davanagere, Karnataka, were steady at INR 2,000-INR 2,380 per 100 kg. Arrivals were also steady at 2,000 bags (1 bag = 60 kg), said Shiva Kumar, a local trader. 

Rabi maize was sown across 2.37 million hectares, up 8.8% on year and higher than the normal area of 2.21 million hectares for the season. The area under summer maize was up 18.5% on year at 136,300 hectares as of Thursday.

Prices of kolam RICE from Nagpur were 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 were unchanged from the previous day at INR 5,500-INR 6,400 per 100 kg at Bhavanipuram in Andhra Pradesh, said Ravi Shankar, a local trader.

Vora said rice prices would rise only if the government allowed the exports of non-basmati broken rice, for which there is demand in China and some African countries. In September 2022, India prohibited exports of broken rice, citing the need to cool down domestic prices and meet local requirements. However, it permitted exports to some countries, based on requests from their governments, to meet their food security needs.  End

With inputs from J. Navya Sruthi

Edited by Rajeev Pai

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