More Stories

Informist, Monday, Dec. 15, 2025

 

By Udita S. Jaiswal

 

MUMBAI – Prices of 1401 basmati rice at Vashi in Navi Mumbai rose Monday on the back of firm demand from stockists and worries about crop damage, while prices of other varieties were steady in key markets, traders said. Prices of wheat and maize were largely steady due to a lack of fresh cues, they said. 

 

Prices of major RICE varieties were mixed, traders said. In Vashi, prices of the 1401 variety of basmati rose by INR 100 per kilogram to INR 7,200-INR 7,400 per 100 kg, while prices of 1121 basmati rice remained stable at INR 8,400-INR 8,800 per 100 kg, Devendra Vora, a wholesale trader, said. Prices of the 1401 variety rose due to firm demand from stockists. "Stockists are buying the rice as they think prices are reasonable," Vora said. Prices also rose following reports of crop damage from excessive monsoon rainfall in Punjab and Haryana, two of the top rice-producing states. 

 

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 local trader Ravi Shankar. Prices are likely to remain steady in the near-term, he said. 

 

WHEAT prices in Indore, Madhya Pradesh, were steady at INR 2,730 per 100 kg, said Gaurav Kochar, a local trader. Prices are likely to remain range-bound in the near term due to a lack of fresh cues, he said.

 

Prices of wheat at Kota in Rajasthan were also largely steady at INR 2,510-INR 2,540 per 100 kg, said Ravi Mehta, a local trader. Arrivals fell by 2,000 bags to 3,000 bags (1 bag = 50 kg), he said. The arrivals in the market on any given day are "dependent on the farmers," Mehta said.

 

Prices of the grain in the wholesale market in Vashi remained steady at INR 2,800-INR 2,825 per 100 kg, Vora said. Prices have been moving within a narrow range of about INR 10–20 per 100 kg for a few weeks and are expected to remain range-bound in the near term, unless the government restarts the open-market sales scheme for wheat, he said.

 

MAIZE prices in Indore remained steady at INR 1,835 per 100 kg, as demand continued to match supply, Kochar said. He added that rabi maize sowing is progressing smoothly and is expected to be about 5% higher than last year's level. Maize prices in Davangaere were not available because the spot market was closed following the death of a legislator from the area, Shiva Kumar, a local trader said.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.