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Informist, Thursday, Oct. 30, 2025

By Udita S. Jaiswal

MUMBAI – Prices of wheat and maize declined in Indore, Madhya Pradesh, on weak demand, traders said. Higher arrivals of maize further weighed on prices, they said. However, maize and wheat prices held steady in other key markets across the country. Prices of rice remained unchanged in key spot markets due to the absence of fresh cues, they added.

Prices of WHEAT in Indore fell by INR 10 per 100 kilograms to INR 2,740 per 100 kg on the back of low demand in the market due to heavy rains, local trader Gaurav Kochar said. Prices of wheat at the Vashi market in Navi Mumbai remained steady at INR 2,800-NR 2,825 per 100 kg on lack of fresh cues, Devendra Vora, wholesale trader, said. Vora said wheat prices will remain steady till the end of this year as supply is sufficient to meet demand. 

Prices of wheat in Kota, Rajasthan, remained unchanged at INR 2,500 per 100 kg, said Aniket Mehta, a local trader. Arrivals in Kota fell to 3,000 bags (1 bag = 50 kg) from 6,000 bags Monday due to heavy rainfall in the region. Markets in Kota were shut Tuesday and Wednesday due to very heavy rainfall in the region. Traders expect prices to rise by INR 50-INR 100 per 100 kg if the arrivals fall further because of rain, he said.

Prices of MAIZE in Indore fell by INR 10 per 100 kg to INR 1,820 per 100 kg due to increased arrivals and low demand, Kochar said. Maize prices have fallen below the minimum support price of INR 2,400 per 100 kg due to higher moisture content in the grain, he said. He expects prices to fall further by INR 100 per 100 kg. 

Maize prices in Davanagere, Karnataka, held steady at INR 1,600-INR 1,900 per 100 kg, said local trader Shiva Kumar. Arrivals at Davanagere fell to 5,000 bags (1 bag = 60 kg) from 7,000 bags Wednesday due to heavy rainfall, he said. 

Prices of major RICE varieties remained steady across key markets due to lack of fresh cues. Prices of basmati rice varieties, 1401 and 1121, remained unchanged at INR 7,500-INR 7,600 per 100 kg and INR 8,000-INR 8,300 per 100 kg, respectively, in Mumbai's Vashi market, Vora said. The price of 5% broken rice at Vashi was unchanged at INR 3,150 per 100 kg, he said. Prices of rice are expected to remain steady till the end of the year, he added.

Prices of sona masoori rice, a premium non-basmati rice, remained steady at INR 5,000 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, said Ravi Shankar, a local trader. The price of sona masoori rice is likely to remain steady till December as there is a demand-supply balance in the market, he said.  End

Edited by Subhojit Sarkar

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