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Informist, Friday, May. 2, 2025

By J. Navya Sruthi

MUMBAI – Wheat prices rose slightly in some key markets across India due to firm demand, traders said. Prices of maize and rice held steady from the previous day due to lack of fresh cues, traders said. 

Prices of mill-quality WHEAT in Rajasthan's Kota rose by INR 5 to INR 2,400-INR 2,415 per 100 kilogram due to high demand, local trader Aniket Mehta said. Arrivals in the market were unchanged from the previous day at 50,000 bags (1 bag = 50 kg). Prices of the grain in Delhi were up by INR 10 at INR 2,640 per 100 kg, according to traders.

Prices of the same quality wheat remained steady in Navi Mumbai's Vashi market at INR 2,750 per 100 kg, Devendra Vora, a wholesale dealer, said. Prices of mill-quality wheat in Indore, Madhya Pradesh, were steady from the previous day at INR 2,690 per 100 kg, with arrivals steady at 2,000 bags (1 bag = 100 kg).

The government, which raised wheat procurement target for 2025-26 (Apr-Mar) to 33.3 million tonnes, has met nearly 79% of the target. It increased the procurement target for Madhya Pradesh twice, initially from 6 million tonnes to 7 million tonnes, and now to 8 million tonnes. 

Prices of MAIZE in Indore remained stable at INR 2,215 per 100 kg, traders said. Prices are likely to remain steady at the current level in the near term, traders said. However, as the pressure from the rabi crops and summer arrivals reduces, prices are likely to rise in the long term.

Prices of the 1401 basmati RICE variety at Vashi market held steady at INR 6,800 per 100 kg, and those of the 1509 variety remained steady at INR 6,800 per 100 kg. Prices of kolam rice at Vashi market were steady at INR 5,200–INR 5,400 per 100 kg, Vora said. Prices of broken rice also held steady at INR 2,700 per 100 kg, he added.

In Vijayawada's Bhavanipuram, prices of sona masoori rice, a premium variety of non-basmati rice, were steady at INR 5,000 per 100 kg, local trader Ravi Shankar said. According to traders, prices are likely to remain at the lower end because of subdued demand and ample supply in domestic markets.

Meanwhile, the average price of 25% broken non-basmati rice exported from India rose to $361.3 per tonne in April from $359.3 per tonne in March, according to data from the United Nations Food and Agriculture Organization. But the average price of 5% broken non-basmati rice fell to $375.5 per tonne in April from $377.5 per tonne in March.  End

Edited by Subhojit Sarkar

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