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Informist, Tuesday, Nov. 4, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat, rice, and maize were steady in key spot markets across the country because of the lack of fresh cues, traders said. Prices of maize are expected to fall in the coming days as arrivals start increasing, they said. 

 

Prices of WHEAT at Vashi in Navi Mumbai remained unchanged at INR 2,800-INR 2,825 per 100 kg, Devendra Vora, a wholesale trader, said. Vora said wheat prices will remain steady till the end of the year as supply is sufficient to meet demand. Prices of wheat at Indore in Madhya Pradesh were also steady at INR 2,775 per 100 kg, Gaurav Kochar, a local trader, said.

 

Prices of wheat in Kota, Rajasthan, were also steady at INR 2,300 per 100 kg, according to Aniket Mehta, a local trader. Arrivals of wheat in Kota fell as arrivals of paddy rose in the state.

 

Prices of major varieties of RICE remained steady in key markets owing to the 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, at the Vashi market, Vora said. The price 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.

 

Prices are currently steady because demand is low and there are sufficient stocks with traders, Shankar said. However, prices could rise in the near term with reports of crop damage in the state, he said. Andhra Pradesh was battered by very heavy to extremely heavy rainfall last week due to the cyclone "Montha". Paddy crop across 86,159 hectares, 6% of the total area sown, was damaged, according to a preliminary estimate. Paddy is the largest kharif crop in the state.

 

Elsewhere, the government of Madhya Pradesh has requested the Union government to centralise the procurement of wheat and paddy in the state for the upcoming rabi marketing season, citing mounting financial losses and repayment challenges. In a letter to Consumer Affairs, Food, and Public Distribution Minister Pralhad Joshi, Madhya Pradesh Chief Minister Mohan Yadav requested that Food Corp. of India be allowed to directly procure wheat and paddy from farmers in the state. 

 

The Madhya Pradesh government has borrowed nearly INR 722 billion from banks to run its procurement scheme, but delayed reimbursements from the Centre and slow disposal of the procured stock have worsened the financial strain on it, Yadav said. As such, he has urged the Centre to grant the state government permission to procure both grains via the centralised procurement scheme instead of the decentralised procurement scheme. 

 

Prices of MAIZE in Indore were steady at INR 1,810 per 100 kg, Kochar said. Prices of maize in Davanagere, Karnataka, remained steady at INR 1,600-INR 1,900 per 100 kg, said local trader Shiva Kumar. Arrivals at Davanagere rose to 10,000 bags (1 bag = 60 kg) from 5,000 bags Monday, he said. Arrivals usually rise after long weekends but Kumar said they were steady Monday and rose Tuesday. Arrivals are likely to increase in the coming days, he said.  End

 

Edited by Rajeev Pai

 

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