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Informist, Wednesday, Aug. 20, 2025

 

By J. Navya Sruthi

 

MUMBAI – Prices of some non-basmati rice rose in select markets Wednesday due to low supply and firm demand, traders said. However, prices of wheat and maize were steady from the previous day due to a lack of new cues, traders said. 

 

Prices of 5% broken RICE in Navi Mumbai's Vashi market rose INR 50 to INR 3,150 per 100 kilograms due to low arrivals and firm demand, wholesale dealer Devendra Vora said. The new crop arrivals will start only in October, which is also supporting prices, he added.

 

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

 

WHEAT prices in Vashi were stable at INR 2,800-INR 2,825 per 100 kg, said Vora. Similarly, in Rajasthan's Kota, too, wheat prices were steady at INR 2,600-INR 2,610 per 100 kg, local trader Aniket Mehta said. Arrivals were also steady at 10,000 bags. Arrivals are expected to fall on Thursday as it is likely to rain, he added. Prices of wheat are likely to remain steady and rise around Diwali at the end of October, he added.

 

Market participants expect the government to begin open-market sales of wheat before Diwali. The government usually starts open-market wheat sales in July or August, but has delayed it this year as the prices have largely remained stable. For the 2025–26 rabi marketing year, the government has set a reserve price of INR 2,550 per 100 kg for wheat open market sales.

 

MAIZE prices in Karnataka's Davanagere were steady at INR 2,350-INR 2,450 per 100 kg. Arrivals were also unchanged at 500 bags (1 bag = 60 kg), local trader Shiva Kumar said. Amid heavy showers over key maize growing regions, Kumar said there might be a yield loss of around 15-20%. However, this amount of damage is minimal and is seen every year. "There will not be any impact on the total production," Kumar said.  End

 

Edited by Saji George Titus

 

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