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Informist, Friday, Oct. 31, 2025

By Udita S. Jaiswal

MUMBAI – Prices of wheat at Indore in Madhya Pradesh and Kota in Rajasthan rose Friday on high demand while prices in other key markets remained unchanged, traders said, adding prices are expected to rise further on high demand. Prices of rice and maize were steady across key spot markets amid lack of fresh cues.

Prices of WHEAT in Indore rose by INR 30 per 100 kilograms to INR 2,770 per 100 kg due to high demand, local trader Gaurav Kochar said. He expects prices to rise further as demand rises. Prices of wheat in Kota also increased by INR 10 per kg to INR 2,510 per 100 kg on the back of high demand, despite high arrivals, said Aniket Mehta, a local trader. Arrivals in Kota also rose by 1,000 bags to 4,000 bags (1 bag = 50 kg) from 3,000 bags Thursday, he said.

Prices of wheat at the Vashi market in Navi Mumbai held steady at INR 2,800-INR 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 major RICE varieties remained steady in the 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. Prices of sona masoori rice, a premium non-basmati rice, remained stable 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, Ravi Shankar said. The price of 5% broken rice in 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, Vora added. 

Prices of MAIZE in Indore were unchanged at INR 1,820 per 100 kg, Kochar said. Maize prices in Davanagere, Karnataka, remained steady at INR 1,600-INR 1,900 per 100 kg, said local trader Shiva Kumar. Arrivals at Davanagere were also steady at 5,000 bags (1 bag = 60 kg), he said. 

Traders expect maize prices to fall as arrivals rise. Additionally, maize prices have fallen below the minimum support price of INR 2,400 per 100 kg on higher moisture content in the grain, Kumar said. Traders expect prices to decline further by INR 100 per 100 kg.  End

Edited by Subhojit Sarkar

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