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Informist, Tuesday, Jan. 13, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of maize in Indore, Madhya Pradesh, fell due to low demand in the market, traders said. Prices of wheat and rice were steady in key spot markets due to lack of fresh cues.   

 

MAIZE prices in Indore fell by INR 30 per 100 kilograms to INR 1,770 per 100 kg due to weak demand in the market, said local trader Gaurav Kochar. Prices are expected to remain steady with a downward bias in the near term till new arrivals of the rabi crop begin, he said.

 

WHEAT prices in Kota, Rajasthan, were steady at INR 2,550-INR 2,590 per 100 kg, said Aniket Mehta, a local trader. The price of wheat in Vashi, Navi Mumbai, remained unchanged at INR 3,000 per 100 kg, wholesale trader Devendra Vora said. The price in Indore also remained stable at INR 2,800 per 100 kg, Kochar said. "Wheat prices are seen falling in the short term as the arrivals of new rabi crop will start in February," Vora said. 

 

Meanwhile, the US Department of Agriculture has kept its forecast for wheat production in India for 2025-26 unchanged at 117.95 million tonnes. Its forecast for domestic consumption is unchanged at 112.51 million tonnes, and the estimate for ending stocks is also unchanged at 17.24 million tonnes.

 

Prices of the main varieties of RICE were unchanged in Vashi. 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 demand rises," he said.

 

According to the Indian Rice Exporters' Federation, basmati rice prices have fallen sharply in domestic markets over the past week as escalating civil unrest in Iran has disrupted trade, delayed payments, and heightened risk perception among Indian exporters. However, Vora disagrees. "I don't see prices falling as they are already low, and falling further will affect farmers and traders," 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. "Prices are expected to remain steady for around two months, as there is very little demand in the market," Shankar said.  End

 

Edited by Avishek Dutta

 

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