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Informist, Tuesday, Aug. 12, 2025

By J. Navya Sruthi

MUMBAI – Prices of maize rose Tuesday due to firm demand and low arrivals, traders said. However, prices of wheat and rice remained unchanged from the previous day, they added.

MAIZE prices at Indore in Madhya Pradesh rose by INR 30 from Monday to INR 2,360 per 100 kilograms due to low arrivals and firm demand, local trader Gaurav Kochar said. Currently, maize arrivals are low as there is no crop left from the previous season and arrivals of the new kharif crop begin only in October, he said. The overall trend for maize prices is likely to remain sluggish moving forward due to availability of cheaper substitutes such as rice sold by the Food Corp. of India to meet demand from the ethanol sector, he added.

WHEAT prices in Kota, Rajasthan, were largely steady from the previous day at INR 2,635 per 100 kg, said Aniket Mehta, a local trader. However, arrivals rose by 5,000 bags to 8,000 bags (1 bag = 50 kg), as the intensity of rainfall has reduced, he added. Prices did not fall despite rise in arrivals due to firm demand for the grain, he added.

Prices of wheat in Indore were steady at INR 2,880 per 100 kg, said Kochar. Prices of the staple grain in Vashi, Navi Mumbai, were also stable at INR 2,800-INR 2,825 per 100 kg, said Devendra Vora, a wholesale dealer.

Wheat prices are likely to rise by INR 100 per 100 kg in the near term due to firm demand ahead of festivals and lack of government wheat sales so far, Kochar said. Market participants expect the government to begin open-market sales of wheat before Diwali, which is in the second half of October. The government usually starts open-market wheat sales in July or August. For the 2025–26 rabi marketing year, the government has set a reserve price of INR 2,550 per 100 kg for these sales.

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

According to Shankar, prices are expected to remain steady until October with a slight downward bias. Prices may decrease further once the new crop of rice arrives in the market in October, he said.  End

Edited by Ashish Shirke

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