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Informist, Friday, May 23, 2025

By J. Navya Sruthi

MUMBAI – Wheat prices in Rajasthan's Kota rose due to low arrivals and firm demand, while they remained steady in most other markets, traders said. After remaining steady for more than three months, prices of some rice varieties rose slightly at Vijayawada in Andhra Pradesh due to continuous rainfall, traders said. Maize prices were steady due to a lack of new cues.  

Prices of mill-quality WHEAT in Kota rose by INR 10 to INR 2,450-INR 2,460 per 100 kilogram as arrivals fell and demand improved from the previous day, local trader Aniket Mehta said. Arrivals fell to 50,000 bags from 60,000 bags (1 bag = 50 kg) the previous day, Mehta said. 

Wheat arrivals are expected to fall further next week due to the heatwave, Mehta said. "Only those farmers who have an urgency to sell the crop would bring the produce to mandis (markets)," he said. The India Meteorological Department Friday predicted the heatwave conditions to continue over parts of west Rajasthan till Saturday. The prediction of the heatwave has also contributed to the rise in prices, Mehta said. Barring Kota and Baran in Rajasthan, wheat prices were steady in most other markets. 

There was also firm demand from southern India, which also supported prices, Mehta said. Demand for wheat from traders and millers, especially from southern India, has been strong during the rabi season since stocks have been running low due to lower production and open market sales by the government in 2024-25 (Apr-Mar).

Prices of wheat in Indore in Madhya Pradesh were steady at INR 2,740 per 100 kg, according to local trader Gaurav Kochar. Arrivals in the market remained stable at 3,000 bags (1 bag = 100 kg). Wheat prices in the Vashi market in Navi Mumbai were steady at INR 2,800 per 100 kg, wholesale dealer Devendra Vora said.

Prices of sona masoori RICE, a premium variety of non-basmati rice, rose INR 200 to INR 5,200 per 100 kg at Bhavanipuram in Andhra Pradesh as other varieties were damaged due to continuous rains, local trader Ravi Shankar said. Consequently, traders raised prices for better quality rice, Shankar said. However, the rise in prices of better quality grain is unlikely to be sustained, he said. 

Prices of 1401 basmati rice variety remained steady in Navi Mumbai's Vashi market at INR 6,800 per 100 kg, according to Vora. Prices of broken rice were also stable at INR 2,700 per 100 kg, he added. Prices are likely to remain at the current level and fall only when the summer crop arrivals start in the market, Vora said.

Prices of MAIZE in Indore were steady at INR 2,235 per 100 kg, Kochar said. Prices are currently at their lowest and there is no scope for them to fall further, he added. While prices had declined due to higher arrivals, they will rise by about INR 200 per 100 kg from the current level as the rabi and summer maize arrivals are receding, he said. 

Prices of maize at Davanagere in Karnataka held steady at INR 2,000-INR 2,200 per 100 kg. Arrivals were largely steady at 500 bags (1 bag = 60 kg), local trader Shiva Kumar said.  End

Edited by Saji George Titus

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