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Informist, Thursday, Dec. 11, 2025

By Udita S. Jaiswal

MUMBAI – Increased arrivals of maize in Indore, Madhya Pradesh, and low demand in Davanagere, Karnataka, pushed prices of the grain down in both the markets, traders said. Prices of wheat and rice remained unchanged due to lack of fresh cues, they said. Some traders expect prices of wheat to rise due to suspension of open market sales, while some see prices remaining steady.

MAIZE prices in Indore fell by INR 15 to INR 1,835 per 100 kg, Gaurav Kochar, a local trader, said. Prices fell because of high arrivals, he said. In Davanagere, prices of maize fell by INR 100 to INR 1,900-2,100 per 100 kg due to low demand in the market, said Shiva Kumar, a local trader. Arrivals in Davanagere were unchanged at 2,000 bags (1 bag = 60 kg), he said.

Prices of WHEAT in Indore remained steady at INR 2,715 per 100 kg due to lack of fresh cues, Kochar said. Prices of wheat in Kota, Rajasthan, were steady at INR 2,500-INR 2,575 per 100 kg, said Ravi Mehta, a local trader. Arrivals were also stable at 3,000 bags (1 bag = 50 kg). Prices of the grain in the wholesale market of Vashi, Navi Mumbai, remained steady at INR 2,800-INR 2,825 per 100 kg, said Devendra Vora, a wholesale trader.

There is no effect of the suspension of open market sales on wheat prices and rates are likely to remain steady, Mehta said. "There will be no effect on the wheat prices as private stocks are enough to meet the demand," Kochar said. The government has suspended wheat e-auctions under the open market sale scheme for 2025–26 starting Wednesday, officials from the Food Corp. of India told Informist on Monday. The Food Corp. of India began wheat auctions for 2025–26 on Nov. 12, but has conducted only two rounds so far, after switching from weekly to fortnightly auctions due to weak demand and poor buying interest from millers and processors amid ample market supplies.

However, Vora expects wheat prices to firm up towards the end of December as supply falls slightly in the market.

The abrupt pause in wheat auctions and absence of clear communication has fuelled market speculation about what may have prompted the sudden suspension. "There is speculation that auctions have been put on hold at the Roller Flour Millers' Federation's request following their recent meeting with the food ministry," Ajay Goyal, the chairman of the Wheat Products Promotions Society, said. "But the federation has denied making any such request to the government."

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

The price of sona masoori rice, a premium non-basmati variety, was steady at INR 5,600-INR 5,800 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, said Ravi Shankar, a local trader.  End

Edited by Nishant Maher

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