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Informist, Monday, Nov. 24, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat in Indore, Madhya Pradesh fell Monday due to low demand and a rise in arrivals, traders said. Prices of maize and rice were steady due to lack of fresh cues in key spot markets across the country, they said. 

 

Prices of WHEAT in Indore fell by INR 5 per 100 kilograms to INR 2,765 per 100 kg due to low demand and a rise in arrivals in the market, Gaurav Kochar, a local trader, said. Prices of wheat in Vashi, Navi Mumbai were steady at INR 2,800–INR 2,825 per 100 kg, Devendra Vora, a wholesale trader, said. Wheat prices in Kota, Rajasthan remained unchanged at INR 2,400-INR 2,450 per 100 kg, Aniket Mehta, a local trader said. Arrivals in Kota were also steady at 8,000 bags (1 bag = 50 kg), he said.

Prices of wheat are likely to fall further due to ongoing open market sales of wheat as there is ample stock available with millers, iGrain Director Rahul Chauhan said in an interview with the Bonus channel. Wheat prices are likely to fall to INR 2,400 per 100 kg by the end of December due to soft demand,  he said. 

 

Prices of MAIZE in Indore were steady at INR 1,730 per 100 kg, Kochar said. Prices of maize at Davanagere in Karnataka were also steady at INR 1,600–INR 1,900 per 100 kg, said Shiva Kumar, a local trader. 

 

Prices of major varieties of RICE were steady in most markets on lack of cues, traders said. In Vashi, Navi Mumbai, prices of basmati 1401 and 1121 varieties remained unchanged at INR 7,500-INR 7,600 per 100 kg and INR 8,300-INR 8,400 per 100 kg, respectively, according to Vora.

 

The price of sona masoori rice, a premium non-basmati variety, was stable at INR 5,200-INR 5,300 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, said Ravi Shankar, a local trader. Prices are likely to remain steady till the end of December as "there is no demand but a lot of supply," he said.

 

"Nowadays, people have become health conscious and consume less rice, which has reduced the demand for rice. People in north India consume less sona masoori and hence traders bring stock from there and try selling it here (Andhra Pradesh), which results in increased stock and supply in the market," Shankar said.  End

 

Edited by Tanima Banerjee

 

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