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Informist, Friday, Jan. 9, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat, rice, and maize were steady in the key spot markets across the country Friday amid a lack of fresh cues, traders said. Prices of wheat are expected to be under pressure in the near term due to new arrivals and prospects of a record rabi output. Maize prices are likely to remain steady in the near term due to subdued demand, they said.

 

WHEAT prices in Vashi, Navi Mumbai, remained unchanged at INR 3,000 per 100 kilograms, a wholesale trader Devendra Vora said. Prices of wheat were largely steady in Kota, Rajasthan, at INR 2,530-INR 2,580 per 100 kg, Ravi Mehta, a local trader, said. Prices also remained stable in Indore, Madhya Pradesh, at INR 2,800 per 100 kg, said a local trader Gaurav Kochar. "Wheat prices are seen falling in the short term as the arrivals of new rabi crop will start in February," he said. 

 

Meanwhile, the market is speculating that the government could open wheat and wheat products exports next week. There is such speculation due to expectations of record production this rabi season, traders said. The government had banned exports of wheat and wheat products in 2022 due to domestic supply concerns. 

 

Prices of the main varieties of RICE were unchanged in Vashi in Navi Mumbai. Prices of the 1401 and 1121 varieties of basmati rice were at INR 8,000-INR 8,200 per 100 kg and INR 8,400-INR 8,800 per 100 kg, Vora said. "There is demand for basmati rice, and prices will go up as and when the demand rises," he said.

 

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

 

Meanwhile, exports of premium basmati rice to Iran have once again been hit by uncertainty, impacting producers and processors in Punjab and Haryana. The disruption comes after a steep depreciation of the Iranian rial following tighter US sanctions. As the currency fell to a fresh low against the US dollar, the Iranian government withdrew subsidies on food imports, leading Indian exporters to pause shipments. As a result, consignments worth at least INR 20 billion are currently stuck at international ports, awaiting clearance for shipment to Iran, Hindustan Times reported Friday. 

 

MAIZE prices in Indore were steady at INR 1,845 per 100 kg, with supply and demand in balance, Kochar said. Prices are expected to remain steady in the near term till new arrivals of the rabi crop begin, he said. Maize prices at Davanagere in Karnataka also remained largely steady at INR 1,700–INR 1,950 per 100 kg, Shiva Kumar, a local trader, said. Arrivals in Davangere were steady at 2,000 bags (1 bag = 60 kg), he said. Prices may stay this way in the near term due to subdued demand in the market, he said.  End

 

Edited by Vandana Hingorani

 

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