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Informist, Monday, Jan. 19, 2026

 

By Udita S. Jaiswal 

 

MUMBAI – Prices of wheat, rice, and maize were steady in key spot markets Monday due to a lack of fresh cues, traders said. Prices of non-basmati rice are expected to remain steady due to a seasonal slowdown in demand, while those of maize and wheat are expected to remain range-bound with a downward bias due to the arrival of the rabi crop, they said. 

 

WHEAT prices in Indore, Madhya Pradesh, were steady at INR 2,820 per 100 kilogram, said Gaurav Kochar, a local trader. Kochar expects wheat prices to fall in the near term, as new arrivals begin in February. Prices of wheat in Vashi, Navi Mumbai, were unchanged at INR 3,000 per 100 kg, said Devendra Vora, a wholesale trader. Wheat prices in Kota, Rajasthan, were largely steady at INR 2,540–INR 2,570 per 100 kg, Ravi Mehta, a local trader, said. Arrivals at the Kota market rose by 13,000 bags to 17,000–18,000 bags, as farmers are offloading old wheat stocks ahead of new arrivals of the rabi crop. 

 

Wheat prices remained steady despite the government lifting the ban on wheat product exports. The quantity of wheat products permitted for export is too insignificant to have any meaningful impact on prices, traders said. "This volume is what we typically sell in just two to three months in the Kota market," Mehta said. Vora added that many traders and large players had anticipated the reopening of exports and had purchased wheat in advance, keeping demand subdued and preventing any price increase. Additionally, there is no big demand for wheat and wheat products overseas, which is also limiting any upward movement in prices, they said.

 

Prices of the main varieties of RICE were steady 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, respectively, Vora said. "There is subdued demand for rice in the market," 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. Typically, demand for rice is low during this time of the year as consumers shift to wheat and maize during festivals, he said. 

 

Prices of MAIZE in Indore were largely steady at INR 1,780 per 100 kg due to a lack of fresh cues, Kochar said. Kochar expects maize prices to fall in the near term as new arrivals will begin shortly. Maize prices in Davanagere, Karnataka, also remained unchanged at INR 1,700-INR 1,950 per 100 kg, said Shiva Kumar, a local trader. Arrivals in the Karnataka market stood at 1,500 bags (1 bag = 60 kg), he said. Prices remained steady amid tepid market activity, he said.  End

 

Edited by Saji George Titus

 

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