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Informist, Thursday, Mar. 6, 2025

By Shreya Shetty

MUMBAI – Prices of wheat and rice were stable, while prices of maize rose in key spot markets across the country. Prices of wheat are likely to fall in the short term on low demand and rising arrivals of the rabi crop, they said. Prices of maize were up slightly on firm demand for the coarse grain, they said.

Prices of mill-quality WHEAT in Indore, Madhya Pradesh, were steady at INR 2,800 per 100 kg, said Gaurav Kochar, a local trader. Arrivals were steady at 8,000 bags (1 bag = 100 kg), he said. Prices are seen declining in the short term as demand is expected to drop, he said.

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.

In Kota, Rajasthan, prices of mill-quality wheat were unchanged at INR 2,700-INR 2,750 per 100 kg, said a local trader. Arrivals rose by 1,000 bags to 6,000 bags (1 bag = 50 kg), he said. Prices of wheat of the same quality in Delhi were steady at INR 3,000 per 100 kg, traders said.

Prices of kolam RICE from Nagpur were steady at INR 5,300-INR 5,400 per 100 kg, and 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 export of non-basmati broken rice, for which there is demand in China and some African countries. The government is likely to allow exports of broken rice, a senior government official told Informist Thursday. A notification in this regard is likely to be issued in the next two days, the official said.

In September 2022, India had prohibited the export of broken rice, citing the need to cool down domestic prices and meet local requirements. However, it had permitted exports to some countries, based on requests from their governments, for food security.

MAIZE prices in Ashok Nagar, Madhya Pradesh, rose by INR 10 from Tuesday to INR 2,430 per 100 kg, Kochar said. Prices were supported by firm demand for the coarse grain, he said.

The area sown with summer maize was up 18.5% on year at 136,300 hectares as of Thursday. Rahul Chauhan, director of IGrain India, expects maize acreage to increase further in the current season as prices of the grain are attractive for farmers.  End

With inputs from J. Navya Sruthi

Edited by Rajeev Pai

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