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Informist, Friday, May 9, 2025

By J. Navya Sruthi

MUMBAI – Wheat prices in local markets rose for the second consecutive day on Friday as the peak arrival season comes to an end, traders said. Prices of rice and maize were steady from the previous day, they added. 

Prices of mill-quality WHEAT in Kota, Rajasthan, were up by INR 20 at INR 2,400-INR 2,415 per 100 kilograms due to firm demand and low supply, said local trader Aniket Mehta. Although arrivals rose by 20,000 bags from the previous day to 70,000 bags (1 bag = 50 kg) Friday, they were lower compared to arrivals of 150,000-200,000 bags a week ago. Traders expect wheat prices to rise in the near term as the peak arrival season has ended.

Prices of mill-quality wheat in Indore in Madhya Pradesh rose slightly by INR 10 to INR 2,720 per 100 kg, local trader Gaurav Kochar said. On Friday, arrivals in the market were at 2,000 bags (1 bag = 100 kg), unchanged from the previous day, but down from 5,000 bags earlier. Kochar said prices are likely to continue rising as the peak arrivals season has ended. However, there is enough supply to meet the country's demand, he added. 

Prices of wheat, grown only once a year and stored for the year, are bound to rise as the peak arrival season ends and as storage costs, transport costs and other expenses are added to the final price. So, prices are expected to rise to INR 2,800 per 100 kg in the long term, experts said.    

Prices of the grain in Delhi rose by INR 25 to INR 2,725 per 100 kg, according to traders. But wheat prices in Navi Mumbai's Vashi market were steady at INR 2,775 per 100 kg, wholesale dealer Devendra Vora said. 

Prices of the 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.

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.  End

Edited by Avishek Dutta

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