India Grain
Rice steady; most mkts shut on account of Akshaya Tritiya
This story was originally published at 18:22 IST on 30 April 2025
Register to read our real-time news.Informist, Wednesday, Apr. 30, 2025
By J. Navya Sruthi
MUMBAI – Wheat and maize prices were not available Wednesday as traders said most key markets across the country were shut on account of Akshaya Tritiya. Prices of rice were steady compared with the previous day in markets that were open.
Prices of the 1401 basmati RICE variety in Navi Mumbai's Vashi market were steady at INR 6,800 per 100 kg, and those of the 1509 variety were also unchanged at INR 6,800 per 100 kg, wholesale dealer Devendra Vora said. Prices of kolam rice in the Vashi market were steady at INR 5,200–INR 5,400 per 100 kg, he said. Prices of broken rice also remained steady at INR 2,700 per 100 kg, he added.
In Vijayawada's Bhavanipuram in Andhra Pradesh, prices of sona masoori rice, a premium non-basmati rice variety, were steady at INR 5,000 per 100 kg, local trader Ravi Shankar said. According to traders, prices are likely to remain at the current level due to subdued demand and ample supply in domestic markets.
Prices of mill-quality WHEAT were unchanged at INR 2,750 per 100 kg in the Vashi market, Vora said. He added that prices are likely to remain in a range in the near term, as they are already near the minimum support price in local markets and there is no scope for further downside.
As of Sunday, the Food Corp. of India met nearly 74% of its wheat procurement target of 31.3 million tonnes in the 2025-26 (Apr-Mar) rabi marketing season, as purchases picked up pace in Punjab and exceeded its target in Madhya Pradesh. FCI bought 23.04 million tonnes of wheat this year, 29.3% more compared with 17.8 million tonnes last year. End
Edited by Nishant Maher
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