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Informist, Thursday, Oct. 9, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat, maize, and rice were steady Thursday in key spot markets across the country, due to a lack of fresh cues, traders said. Prices of maize are likely to fall due to the arrival of the new crop in the market and muted demand, they said. Prices of wheat are also likely to fall due to low demand, they said. The spot market in Rajasthan's Kota was shut on Thursday due to 'mandi elections'.

 

Prices of WHEAT at Vashi in Navi Mumbai remained unchanged at INR 2,800-INR 2,825 per 100 kilograms amid a lack of fresh cues, wholesale trader Devendra Vora said. He expects prices to remain largely flat in the near term. The prices of wheat in Indore, Madhya Pradesh, were at INR 2,775 per 100 kg, according to local trader Gaurav Kochar. He expects wheat prices to fall after Diwali due to low demand.

 

Prices of the new MAIZE crop at Davanagere in Karnataka were largely steady at INR 1,600–INR 1,900 per 100 kg, local trader Shiva Kumar said. Prices were steady despite a rise in arrivals as supply and demand were in balance. Arrivals of the new crop rose to 4,000 bags (1 bag = 60 kg) from 1,000 bags on Wednesday. Prices of maize in Indore were steady at INR 2,000 per 100 kg, Kochar said. 

 

Prices of all major RICE varieties across key markets were unchanged amid a lack of fresh cues. Basmati rice varieties, 1401 and 1121, were unchanged at INR 7,500-INR 7,600 per 100 kg and INR 8,000-INR 8,300 per 100 kg, respectively, Vora said. The price of sona masoori rice, a premium non-basmati rice, also remained unchanged at INR 5,000 per 100 kg at Bhavanipuram in Andhra Pradesh's Vijayawada, local trader Ravi Shankar said. Prices of rice varieties are likely to remain unchanged till November, he said. The price of 5% broken rice in Vashi was unchanged at INR 3,150 per 100 kg, Vora said. 

 

Local markets across Punjab have reported sporadic arrivals of grain with high moisture content amid heavy rains and waterlogged fields. Paddy arrivals have a moisture content of 20–23%, compared with the permissible level of 17%, Dinam Sood, a Punjab-based trader, said Tuesday. "This moisture-laden crop will have to be sun-dried either in the fields or by commission agents in mandis, which is a tedious process and will further delay procurement," Sood had said. 

 

However, total rice procurement has risen more than five times to 1.49 million tonnes as of Monday, compared to 273,297 tonnes during the same period last year. The early start of procurement in Punjab and Tamil Nadu has contributed to the rise, though the actual pace remains subdued.  End

 

Edited by Saji George Titus

 

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