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Informist, Tuesday, Sept. 30, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat in Kota, Rajasthan, fell on expectations of open market sales of wheat, traders said. Prices of the commodity in other key markets remained unchanged. Prices of rice and maize were steady in key markets across the country, they said. 

 

Prices of WHEAT in Kota fell by INR 25 to INR 2,525-INR 2,550 per 100 kilograms due to expectation of open-market sales of wheat, local trader Aniket Mehta said. "People are avoiding buying wheat due to OMSS," he said. Arrivals in Kota were at 10,000 bags (1 bag = 50 kg) on Tuesday. Prices of wheat at Vashi in Navi Mumbai remained unchanged at INR 2,800-INR 2,825 per 100 kg due to lack of fresh cues, wholesale trader Devendra Vora said. 

 

Experts and industry participants expect wheat prices to remain rangebound with a downward bias in the long term as they see higher wheat acreage in the upcoming rabi season and higher stocks with Food Corp. of India. On Saturday, at a wheat summit, industry participants and experts said wheat acreage was likely to rise in the coming rabi season due to an "obvious" increase in the minimum support price and the bonus offered by state governments.

 

The minimum support price of wheat for 2026-27 (Apr-Mar) is expected to be around INR 2,600 per 100 kg, Gaurav Anand, general manager for grains at ITC Ltd.'s agri-business division said Saturday. For the current financial year, the government had set the minimum support price of wheat at INR 2,425 per 100 kg, up from INR 2,275 per 100 kg in the previous year. 

 

According to data from Food Corp. of India, the central pool had 33.3 million tonnes of wheat stocks as of Sept. 1, up over 32% on year. The current wheat stocks are well above the buffer norm of 27.58 million tonnes – operational stock of 24.58 million tonnes and strategic reserve of 3.00 million tonnes.

 

Prices of MAIZE in Davanagere, Karnataka, were steady at INR 2,250 per 100 kg, Shiva Kumar, a local trader, said. Arrivals were also largely steady at 200–300 bags (1 bag = 60 kg). Prices are expected to fall by INR 100–INR 200 per 100 kg from mid-October when the new kharif crop starts arriving in the market, he said. 

 

Prices of 1401 and 1121 varieties 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. The price of sona masoori rice, a premium non-basmati rice, remained unchanged at INR 5,000 per 100 kg in Bhavanipuram, Vijayawada, Andhra Pradesh, local trader Ravi Shankar said. He expects prices to remain largely steady till December. The price of 5% broken rice in Vashi was unchanged at INR 3,150 per 100 kg, Vora said.  End

 

Edited by Avishek Dutta

 

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