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Informist, Tuesday, Nov. 25, 2025

 

By Udita S. Jaiswal

 

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

 

Prices of MAIZE in Indore fell by INR 20 to INR 1,710 per 100 kilograms due to low demand in the market, Gaurav Kochar, a local trader, said. Prices of maize at Davanagere in Karnataka were steady at INR 1,600–INR 1,900 per 100 kg, Shiva Kumar, a local trader, said. Arrivals in Karnataka were steady at 5,000 bags (1 bag = 60 kg). Arrivals are expected to fall from Wednesday as farmers are protesting against the government, demanding maize procurement at the minimum support price as soon as possible, he said. The minimum support price of maize is INR 2,400 per 100 kg.  

 

Prices of WHEAT in Indore were steady at INR 2,765 per 100 kg due to a lack of fresh cues, Kochar said. Prices of wheat at Vashi in Navi Mumbai were steady at INR 2,800–INR 2,825 per 100 kg, Devendra Vora, a wholesale trader, said. Wheat prices at Kota in Rajasthan were unchanged at INR 2,400-INR 2,450 per 100 kg, Aniket Mehta, a local trader, said. Arrivals in Kota were largely steady at 6,000 bags (1 bag = 50 kg), he said. 

 

Wheat prices are expected to remain range-bound, as a decline could lead to lower acreage, traders said. A decline in wheat prices could lead to lower wheat sowing as farmers may shift to other crops with higher profitability, they said. 

 

Prices of major RICE varieties remained steady in most markets amid a lack of cues, traders said. In Vashi, 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. "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 Saji George Titus

 

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