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Informist, Wednesday, Dec. 3, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of maize in Indore, Madhya Pradesh, rose Wednesday as stockists are buying the grain in bulk, traders said. Prices of wheat in Indore fell due to low demand, while those in Kota, Rajasthan, rose on high demand, they said. Prices of major varieties of rice were steady due to lack of fresh cues. Prices of maize in Davanagere, Karnataka, were unavailable due to ongoing protests by farmers demanding the government procure maize at the minimum support price of INR 2,400 per 100 kg.

 

Prices of MAIZE in Indore rose by INR 25 to INR 1,725 per 100 kg due to high demand as stockists are buying actively, Gaurav Kochar, a local trader, said. In Davanagere, traders see the current protest continuing for the next 10 days. They do not expect the government to buy maize at the minimum support price, as "the Karnataka government does not have enough money to buy at the minimum support price," local trader Shiva Kumar said.

 

Prices of WHEAT in Indore fell by INR 15 to INR 2,730 per 100 kg due to low demand in the market, Kochar said. Prices of average quality wheat in Kota rose by INR 30-INR 40 to INR 2,530–INR 2,540 per 100 kg due to firm demand, local trader Ruchit Mehta said. Arrivals in Kota were largely steady at 2,000 bags (1 bag = 50 kg). According to Mehta, prices were too low in the previous sessions and are now expected to take support from Tuesday's level of INR 2,500 per 100 kg.

 

Prices of the staple grain at Vashi in Navi Mumbai were also steady at INR 2,800–INR 2,825 per 100 kg, wholesale trader Devendra Vora said.

 

On the other hand, India is heading towards its biggest wheat surplus ever, making it inescapable for the government to not allow export of the grain next year, according to Ajay Goyal, the chairman of the Wheat Products Promotion Society. The government's stock is expected to be around 50 million tonnes by Jun. 1 and the policy for exports needs to be changed as the market is dealing with concerns about glut, he said.

 

Prices are expected to remain subdued at the same level as at the beginning of the season in July due to oversupply and lacklustre buying, he said. Even Open Market Sale Scheme operations have seen low participation, with releases happening just once a fortnight and less than one-third of the wheat being lifted.

 

Prices of major varieties of RICE were steady, traders said. In Vashi, Navi Mumbai, prices of basmati 1401 and 1121 varieties remained unchanged at INR 7,100-INR 7,300 per 100 kg and INR 8,400-INR 8,800 per 100 kg, respectively, according to Vora.

 

The price of sona masoori rice, a premium non-basmati variety, was stable at INR 5,500-INR 5,600 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, said Ravi Shankar, a local trader.  End

 

Edited by Nishant Maher

 

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