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Informist, Friday, Dec. 26, 2025

 

By Udita S. Jaiswal 

 

MUMBAI – Firm demand for wheat in the market amid the government's temporary suspension of wheat auction under the open-market sales scheme for 2025-26 supported prices in key spot markets across the country, traders said. Wheat prices are expected to rise further ahead of the wedding season starting in February, they added. Rice prices inched higher due to firm demand in domestic as well as overseas markets, such as Bangladesh. 

 

Prices of WHEAT in Indore, Madhya Pradesh, rose by INR 20 per 100 kilograms to INR 2,760 per 100 kg due to firm demand, Gaurav Kochar, a local trader, said. Prices of wheat are likely to rise further in January "ahead of wedding season, which starts from February," Kochar said.

 

Prices of wheat also rose in Vashi, Navi Mumbai by INR 100 per 100 kg to INR 2,900 per 100 kg due to high demand and suspension of wheat auctions, Devendra Vora, a wholesale trader, said. 

 

The government has temporarily suspended wheat auctions under the open market sales scheme for 2025-26 from Dec. 10 due to weak sales in its previous auctions. The Food Corp. of India had started wheat auctions for 2025-26 on Nov. 12, and since then, only two auctions have been held after it shifted to fortnightly auctions from weekly ones due to weak sales and poor buying interest from millers and processors amid ample market supplies.  

 

Prices of major RICE varieties traded mixed in key spot markets, traders said. In Vashi, prices of the 1401 rice variety rose INR 700 per 100 kg to INR 7,800-INR 8,000 per 100 kg, and the price of 1121 basmati variety was unchanged at INR 8,400-INR 8,800 per 100 kg, Vora said. Prices of rice rose due to domestic purchases and export demand from Bangladesh. 

 

The Bangladesh government has approved the imports of 100,000 tonnes of non-basmati parboiled rice, of which 50,000 tonnes will be imported from India and the remainder from Pakistan, according to various regional media reports. The approval also covered imports of other essential commodities, including edible oils and lentils, aimed at ensuring adequate availability and checking prices ahead of Ramadan month. 

 

The approval was given at a meeting of the Advisers Council Committee on Government Purchase on Tuesday. The purchase committee approved proposals to procure 100,000 tonnes of rice and 50,000 tonnes of non-basmati parboiled rice to be imported from India through the international open tender method at an estimated cost of Tk (Bangladeshi Taka) 2.18 billion (INR 1.60 billion), Dhaka-based Financial Express reported.

 

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 Andhra Pradesh's Vijayawada, said Ravi Shankar, a trader. Prices are unchanged due to low trade in the market owing to no demand, he added.

 

MAIZE prices in Indore were largely steady at INR 1,835 per 100 kg due to a lack of fresh cues, Kochar said. Prices of maize in Davanagere, Karnataka, were unchanged at INR 1,900-INR 1,950 per 100 kg, Shiva Kumar, a local trader, said. Prices were unchanged as no trade took place in the market as the government tried to offload their stock at prices higher than the spot prices, he said.  End

 

Edited by Tanima Banerjee

 

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