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Informist, Wednesday, Jul. 30, 2025

By J. Navya Sruthi

MUMBAI – Maize prices rose Wednesday amid damage to the kharif crop due to heavy rainfall in key growing states, traders said. After rising for five days, wheat prices steadied in most markets on Wednesday due to lack of fresh cues. Rice prices remained unchanged from the previous day. 

MAIZE prices in Indore, Madhya Pradesh, were up INR 20 at INR 2,350 per 100 kilograms due to rising worries about crop damage in the region because of heavy rainfall, local trader Gaurav Kochar said. He said 30-40% of the maize crop in the Gwalior region of Madhya Pradesh had been damaged by excess rainfall.

The area under maize rose to 8.6 million hectares as of Friday from 7.9 million hectares a year ago, according to data released by the Ministry of Agriculture and Farmers Welfare. Soybean and urad crops have also been damaged due to the excessive rains in the region, he said. "Additionally, the crop area has reduced as waterlogging in many fields has prevented sowing."

Although maize prices rose, the upside was limited by ample availability of rice to meet demand from the ethanol sector. Kochar said maize output in the kharif season is likely to be on a par with last year's output. There would be more clarity about production only after a month, he added.

WHEAT prices in Indore were steady from the previous day at INR 2,870 per 100 kg, Kochar said. He said wheat prices could increase by INR 100-INR 200 until the government announces the date for open market sales. Prices of the staple grain in Vashi, Navi Mumbai, were steady at INR 2,800-INR 2,825 per 100 kg, said wholesale dealer Devendra Vora.  

In Delhi, wheat prices rose INR 25 to INR 2,875 per 100 kg, according to traders. Although prices rose, they are likely to remain range-bound in the near term and are unlikely to rise beyond INR 2,900 per 100 kg, market participants said.

Wheat prices in Kota, Rajasthan, rose by INR 35 to INR 2,650 per 100 kg due to firm demand and low arrivals, said Aniket Mehta, a local trader. Although arrivals were steady from the previous day at 3,000 bags (1 bag = 50 kg), on a weekly basis, arrivals have fallen from 10,000 bags. 

The India Meteorological Department had issued a red alert for heavy rainfall over east Rajasthan for Wednesday. A red alert indicates rainfall exceeding 204.5 millimetres in 24 hours and is the highest level of weather warning.

Prices of 1401 basmati RICE in Vashi were steady at INR 7,300-INR 7,400 per 100 kg, Vora said. Prices of the 1121 basmati rice variety also remained steady at INR 7,800-INR 8,000 per 100 kg. Prices of sona masoori rice were steady at INR 4,600 per 100 kg at Bhavanipuram in Andhra Pradesh's Vijayawada, local trader Ravi Shankar said.  End

Edited by Avishek Dutta

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