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Informist, Friday, Jun. 13, 2025

By J. Navya Sruthi

MUMBAI – Wheat prices fell in most markets Friday for the second consecutive day as trade entities sold the grain to abide with the government's stock limits imposed on May 28, market participants said. Prices of rice and maize were steady from the previous day, they said.

Prices of WHEAT in Kota, Rajasthan, fell INR 20 to INR 2,400-INR 2,425 per 100 kg as market participants sold the grain to get their stock under the existing limit, local trader Aniket Mehta said. Arrivals in the market were steady from the previous day at 20,000 bags (1 bag = 50 kg), he said.

To bring wheat stocks within the prescribed limit, trade entities sold wheat Thursday and Friday, market participants said. Following this, there were only a few customers to buy in the market, they said. Prices of the staple grain were down INR 25 at INR 2,700 per 100 kg in Delhi, according to traders. Prices of mill-quality wheat in Indore, Madhya Pradesh, were down by INR 10 at INR 2,720 per 100 kg, said local trader Gaurav Kochar. Wheat prices in Navi Mumbai's Vashi market were steady from the previous day at INR 2,725 per 100 kg, local wholesale dealer Devendra Vora said.

On May 28, the Centre reimposed limits on the quantity of wheat that trade entities can hold, valid till Mar. 31. A wheat trader or wholesaler cannot stock more than 3,000 tonnes and retailers can stock only 10 tonnes in each of their outlets. For big retail chains, the stock limit is 10 tonnes per retail outlet and 10 tonnes multiplied by the number of outlets in depots.

Meanwhile, wheat stocks as of Jun. 1 with the Food Corp. of India were at a four-year high of 36.9 million tonnes, up 3.4% on month due to higher production and procurement.

Prices of basmati sella RICE variety in Vashi were steady at INR 6,400-INR 6,500 per 100 kg, Vora said. Prices of broken rice remained steady at INR 2,700 per 100 kg. The price of sona masoori rice was also steady at INR 5,200 per 100 kg at Bhavanipuram in Andhra Pradesh's Vijayawada, local trader Ravi Shankar said.

Rice stocks with the Food Corp. of India as of Jun. 1 stayed at a two-decade high of 38 million tonnes, up 17% on year. Traders expect rice prices to remain steady in the near term due to lack of fresh cues.

Prices of MAIZE in Indore, Madhya Pradesh, were steady at INR 2,300 per 100 kg, Kochar said. With the next crop due to arrive only after October, he expects maize prices to rise by INR 100 in the near term if demand remains good.  End

Edited by Nishant Maher

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