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Informist, Thursday, May 8, 2025

By J. Navya Sruthi

MUMBAI – Wheat prices rose Thursday in key markets across the country due to firm demand and low arrivals in the local markets, traders said. However, prices of maize and rice were steady from the previous day, traders said. 

Prices of mill-quality WHEAT in Kota, Rajasthan, were up by INR 10-INR 15 at INR 2,410 per 100 kilograms due to firm demand, said local trader Aniket Mehta. Arrivals fell by 20,000 bags from the previous day to 50,000 bags (1 bag = 50 kg), Mehta added. Traders expect wheat prices to rise in the near term as the peak arrival season has ended. A week ago, arrivals in Kota market were about 150,000-200,000 bags.  

Prices of mill-quality wheat in Indore in Madhya Pradesh rose slightly by INR 10 to INR 2,710 per 100 kg, local trader Gaurav Kochar said. He added prices also rose as the pressure from arrivals in the country has reduced compared to a week ago. On Thursday, arrivals in the market were unchanged at 2,000 bags (1 bag = 100 kg) from the previous day, but down from 5,000 bags earlier. 

However, prices of the grain in Delhi were steady at INR 2,700 per 100 kg, according to traders. Wheat prices in Navi Mumbai's Vashi market were steady at INR 2,775 per 100 kg, wholesale dealer Devendra Vora said. 

In Indore, prices of MAIZE were steady from the previous day at INR 2,230 per 100 kg, Kochar said. Prices of maize in Davanagere, Karnataka, were steady at INR 2,000-INR 2,200 per 100 kg and arrivals were also largely steady at 500 bags (1 bag = 60 kg), local trader Shiva Kumar said.

Prices of 1401 basmati RICE variety were steady at INR 6,800 per 100 kg at the Vashi market, Vora said, adding that prices of the aromatic rice are likely to rise as demand may shift from Pakistani basmati rice to Indian basmati rice due to the ongoing tensions between the two countries.

Prices of broken rice also held steady at INR 2,700 per 100 kg, he added. In Vijayawada's Bhavanipuram, in Andhra Pradesh, 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.  End

Edited by Vandana Hingorani

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