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Informist, Thursday, Jul. 17, 2025

By J. Navya Sruthi

MUMBAI – Prices of wheat rose in some key markets Thursday on firm demand and low arrivals at local markets, traders said. However, prices of rice and maize held steady from the previous day amid a lack of fresh cues. 

WHEAT prices in Kota, Rajasthan, were up by INR 5-INR 10 at INR 2,520-INR 2,525 per 100 kilograms from the previous day on strong demand and low arrivals, said Aniket Mehta, a local trader. Arrivals fell by 2,000 bags to 4,000 bags (1 bag = 50 kg), he said. Prices of wheat in Indore, Madhya Pradesh, were also up by INR 10 from the previous day at INR 2,780 per 100 kg, Gaurav Kochar, a local trader, said.

However, the price of wheat at the Vashi market in Navi Mumbai was steady at INR 2,725 per 100 kg, said Devendra Vora, a wholesale dealer. In Delhi, the price of wheat was down INR 20 at INR 2,780 per 100 kg, traders said. Vora said prices are likely to remain range-bound for next two weeks, with a slight upward bias. 

Traders said the government has not yet started selling wheat in open market, which is also supporting the prices of the grain. The government usually starts selling wheat in the open market from Jul. 1. The government has set a reserve price of INR 2,550 per 100 kg for open market sales of wheat in the rabi marketing year 2025-26 (Apr-Mar).

MAIZE prices in Indore remained steady from the previous day at INR 2,300 per 100 kg, Kochar said. Prices are likely to remain range-bound with slight positive bias due to low arrivals in the market, he added. 

Prices of 1401 basmati RICE at the Vashi market held steady from the previous day at INR 7,300-INR 7,400 per 100 kg, wholesale dealer Vora said. Prices of 1121 basmati rice variety were also steady at INR 7,800-INR 8,000 per 100 kg.

Prices of broken rice remained stable from the previous day at INR 2,700 per 100 kg, he said. Prices of sona masoori rice from the previous season, which is known as old grain, held steady at INR 5,200 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, local trader Ravi Shankar, said. The crop that was harvested in Mar-May is priced at INR 4,600 per 100 kg as consumers usually prefer old rice over new, he added.  End

Edited by Subhojit Sarkar

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