More Stories

Informist, Thursday, Sept. 25, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of grains were steady in key spot markets across the country on Thursday due to a lack of fresh cues, traders said. Prices of wheat are likely to rise in the near term on expectations of firm festival demand, they said. Prices of maize are expected to fall in the short term once new kharif crop begins arriving in the market, traders said.

 

Prices of WHEAT in Navi Mumbai's Vashi market were steady at INR 2,800–INR 2,825 per 100 kilograms due to a lack of cues, Devendra Vora, a wholesale trader, said. Prices of wheat in Kota, Rajasthan, also remained unchanged at INR 2,570–INR 2,590 per 100 kg, Mehta said. Arrivals in Kota were unchanged at 12,000 bags (1 bag = 50 bags). Prices of wheat are expected to rise in the near term as demand is expected to be firm during the festival season, he said. 

 

However, some traders expect wheat prices to fall as they expect the government to start open market sales of the grain by the end of this month. The government usually starts open market sales of wheat in July or August, but this year it has been delayed as prices were steady. 

 

Prices of MAIZE in Davanagere, Karnataka, were unchanged at INR 2,250 per 100 kg, Shiva Kumar, a local trader, said. Arrivals were largely steady at 200–300 bags (1 bag = 60 kg). Kumar expects prices to fall by INR 100–INR 200 per 100 kg from mid-October when the new kharif crop arrives in markets. 

 

Prices of 1401 and 1121 varities of basmati RICE were steady at INR 7,500-INR 7,600 per 100 kg and INR 8,000-INR 8,300 per 100 kg, respectively, due to lack of fresh cues, Vora said. Prices of sona masoori rice, a premium variety of non-basmati rice, remained unchanged at INR 5,000 per 100 kg, Ravi Shankar, a local trader, said. The price of 5% broken rice in Vashi was unchanged at INR 3,150 per 100 kg, Vora said.  End

 

Edited by Tanima Banerjee

 

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.