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Informist, Monday, Jun. 30, 2025

By J. Navya Sruthi

MUMBAI – Maize prices fell in Indore in Madhya Pradesh Monday due to increased supply in the market, traders said. Prices of rice and wheat were largely unchanged from the previous day due to lack of new cues, traders said. 

Prices of MAIZE in Indore fell by INR 50 per 100 kg to INR 2,270 per 100 kg, local trader Gaurav Kochar said. Prices fell due to increased supply in the market as stockists were clearing the stocks held by them, he said. However, the downside was cushioned as there were no rabi arrivals from farmers in the market and the next crop will arrive only after October. Kochar sees maize prices rising to INR 2,400 per 100 kg in the medium term.

Prices of WHEAT in Indore were steady from the previous day at INR 2,740 per 100 kg, Kochar said. The price of wheat in Navi Mumbai's Vashi market was steady at INR 2,725 per 100 kg, local wholesale dealer Devendra Vora said. In Delhi, the price of the grain was down by INR 25 at INR 2,725 per 100 kg, traders said.

Wheat prices are expected to stay firm in July and August as arrivals in local markets decline, Kochar said. He expects prices to rise INR 50-INR 100 per 100 kg from the current level till the government starts open market sales of the cereal. Kochar said the government is likely to begin wheat sales by mid-to-late July after reviewing the buffer stock and food inflation trends.

Prices of basmati sella RICE at Vashi were steady at INR 6,000-INR 6,100 per 100 kg, Vora said. Prices of the 1121 basmati rice variety and broken rice were steady at INR 7,800 per 100 kg and INR 2,700 per 100 kg, respectively, Vora said. Prices of sona masoori rice were also steady at INR 5,200 per 100 kg at Bhavanipuram in Andhra Pradesh's Vijayawada, local trader Ravi Shankar said.

He said farmers in Punjab and Haryana may shift to "moti chawal (rice)", which is non-basmati rice, from basmati as the government has increased the minimum support price for the kharif marketing year starting October. The minimum support price of paddy common and grade A varieties has been increased by 3.0% each to INR 2,369 per 100 kg and INR 2,389 per 100 kg, respectively, for the kharif marketing year 2025-26 (Oct-Sept).  End

Edited by Akul Nishant Akhoury

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