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Informist, Monday, May 12, 2025

By J. Navya Sruthi

MUMBAI – Wheat prices rose in most markets of the country on Monday due to low supply and high demand, traders said. Maize prices rose in Indore, Madhya Pradesh, due to firm demand, traders said. However, rice prices remained steady from the previous day.   

Prices of mill-quality WHEAT in Kota, Rajasthan, were up by INR 25 at INR 2,450-INR 2,465 per 100 kilograms due to firm demand and low supply, said local trader Aniket Mehta. Arrivals fell to 35,000 bags (1 bag = 50 kg) from 50,000 bags on Saturday. There is panic in the market as tensions between India and Pakistan continue, Mehta said.

Prices of wheat in the country's capital city, Delhi, rose by INR 10 to INR 2,735 per 100 kg, according to traders. Prices in the benchmark market had opened at INR 2,680 per 100 kg as India and Pakistan reached an understanding over the weekend, leading to an end of hostilities between the neighbouring countries, market participants said.

Following this, prices of mill-quality wheat in Indore, Madhya Pradesh, fell slightly by INR 10 to INR 2,720 per 100 kg, local trader Gaurav Kochar said. Arrivals in the market were at 1,300 bags (1 bag = 100 kg), down from 2,000 bags, a day ago. 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 rose to INR 2,255 per 100 kg from INR 2,230 per 100 kg as arrivals fell Monday, 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 the 1401 basmati RICE variety were steady at INR 6,800 per 100 kg in 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 Ashish Shirke

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