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Informist, Wednesday, Jan. 7, 2026

 

By Udita S. Jaiswal 

 

MUMBAI – Wheat prices fell in Rajasthan's Kota on Wednesday due to muted demand, traders said. However, the prices were steady in other key spot markets. Prices of maize and rice were steady, they said. Prices of maize and wheat are likely to fall in the near term as arrivals of the new rabi crop will begin, they said. 

 

Prices of WHEAT in Kota fell by INR 25 per 100 kilogram to INR 2,500-INR 2,550 per 100 kg due to low demand, Ravi Mehta, a local trader, said. Arrivals in the Kota market were steady at 3,000-3,500 bags (1 bag = 50 kg), Mehta said.

 

Wheat prices in Vashi, Navi Mumbai, were unchanged at INR 3,000 per 100 kilograms, Devendra Vora, a wholesale trader, said. Prices of the grain in Indore, Madhya Pradesh, were also steady at INR 2,800 per 100 kg, said Gaurav Kochar, a local trader. "New arrivals of the rabi wheat crop will start in February, so prices are likely to fall (by then)," Kochar said. 

 

MAIZE prices in Indore were steady at INR 1,835 per 100 kg, with supply and demand in balance, Kochar said. "No uptrend in prices is expected as new arrivals will start in the market," he said. Maize prices in Davanagere, Karnataka, remained largely steady at INR 1,700–INR 1,950 per 100 kg, Shia Kumar, a local trader, said. Arrivals in the market were also steady at 2,000 bags (1 bag = 60 kg), he said. 

 

Prices of the main varieties of RICE were unchanged in Vashi, Vora said. The prices of the 1401 and 1121 basmati varieties were unchanged at INR 7,800-INR 8,000 per 100 kg and INR 8,400-INR 8,800 per 100 kg, respectively, he said. 

 

Prices of sona masoori rice, a premium non-basmati variety of rice, were also unchanged at INR 5,600-INR 5,800 per 100 kg at Bhavanipuram in Vijayawada, Andhra Pradesh, said Ravi Shankar, a trader. 

 

Meanwhile, the Indian Rice Exporters' Federation has urged Finance Minister Nirmala Sitharaman to announce tax and policy incentives in the Budget for 2026–27 (April–March) to boost export competitiveness and encourage sustainable paddy cultivation. India accounts for about 40% of the global rice trade. The federation has proposed tax benefits for sustainable rice production, interest subvention on export credit, targeted freight support, and a one-time waiver of retrospective export-duty claims in the forthcoming Budget. The federation said these fiscal measures would lower working capital costs for exporters and spur investment across the rice value chain.  End

 

Edited by Saji George Titus

 

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