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Informist, Monday, Oct. 13, 2025

By J. Navya Sruthi

MUMBAI – Prices of wheat, rice, and maize were steady in key markets of the country Monday due to lack of fresh cues, traders said. However, wheat prices were down slightly in Indore, Madhya Pradesh, due to low demand, they said. Trade is likely to be subdued this week on account of festivities, they said. Traders said markets will be shut from Friday on account of Diwali.

Prices of WHEAT at the Vashi market in Navi Mumbai were steady at INR 2,800-INR 2,825 per 100 kilograms due to lack of fresh cues, wholesale trader Devendra Vora said. Prices of wheat in Indore were down by INR 20 at INR 2,750 per 100 kg due to low sales, according to local trader Gaurav Kochar. He expects wheat prices to fall further after Diwali due to low demand.

Vora said it is likely that trading will be muted this week. "Sales are very slow and prices will remain steady," Vora said. The long-term outlook for wheat also remains bearish due to prospects of higher rabi crop. Traders expect the area under wheat to rise by 2-3% on year due to better returns compared to other crops.

Earlier this month, the government increased the minimum support price of wheat to INR 2,585 per 100 kg for the rabi marketing year 2026-27 (Apr-Mar), from INR 2,425 per 100 kg, he said.

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 rise in arrivals as supply and demand were in balance. Prices of maize in Indore were steady at INR 2,000 per 100 kg, Kochar said.

Prices of major RICE varieties across key markets were unchanged due to 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 5% broken rice in Vashi was unchanged at INR 3,150 per 100 kg, 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 are likely to remain unchanged till November, he said.  End

With inputs from Udita S. Jaiswal

Edited by Ashish Shirke

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