More Stories

Informist, Thursday, Jul. 3, 2025

By J. Navya Sruthi

MUMBAI – Maize prices were up at Indore in Madhya Pradesh Thursday due to low arrivals and firm demand, traders said. Prices of wheat and rice were steady due to a lack of fresh cues, traders said. 

Prices of MAIZE in Indore were up INR 30 at INR 2,300 per 100 kilograms, local trader Gaurav Kochar said. Prices rose as there were no arrivals of rabi maize, and the next maize crop will only start arriving in markets after October, he said. Also, there is firm demand for the grain from ethanol plants, he added. Kochar expects maize prices to rise to INR 2,400 per 100 kg in the medium term.

Prices of WHEAT in Indore were largely steady at INR 2,735 per 100 kg, Kochar said. The price of the staple grain in Navi Mumbai's Vashi market was also steady at INR 2,725 per 100 kg, local wholesale dealer Devendra Vora said. The price of wheat in Delhi was also steady at INR 2,725 per 100 kg, traders said.

According to media reports, the government is likely to start open market sales for wheat only in August. Open market operations usually start in July after the procurement is completed. The government may sell 6-7 million tonnes of wheat till Mar. 31 through electronic auctions, reports said.

However, Vora said the government may start selling wheat in the open market only in September.

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 also steady at INR 7,800 per 100 kg and INR 2,700 per 100 kg, respectively, he said. Prices of sona masoori rice were steady at INR 5,200 per 100 kg at Bhavanipuram in Vijaywada in Andhra Pradesh, local trader Ravi Shankar said. Sona masoori prices are likely to move by up to INR 200 on either side till the next crop arrives, Shankar said.  End

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.