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Informist, Wednesday, Jan. 21, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat and maize fell in Indore, Madhya Pradesh, on Wednesday due to low demand, traders said. Prices remained steady in other key spot markets due to lack of fresh cues. Prices of rice were steady in the key spot markets due to lack of fresh cues. Prices of maize and wheat are expected to remain range-bound with a downward bias due to the arrival of the new rabi crop in the near term, they said.

 

WHEAT prices in Indore fell by INR 10 per 100 kg to INR 2,790 per 100 kg due to low demand and oversupply in the market, said Gaurav Kochar, a local trader. "Stockists are selling away their stocks ahead of new crop arrival, which is leading to downward prices," Kochar said. Prices of wheat in Vashi, Navi Mumbai, were steady at INR 3,000 per 100 kg, said wholesale trader Devendra Vora. Prices of wheat are likely to be steady in the near term due to subdued demand, Vora said. Wheat prices in Kota, Rajasthan, remained unchanged at INR 2,540–INR 2,570 per 100 kg, Ravi Mehta, a local trader, said. Arrivals in the Kota market fell 3,000 bags to 7,000 bags (1 bag = 50 kg).

 

The area under wheat as of Friday was up nearly 2% at 33.4 million hectares compared with 32.8 million hectares a year ago, according to the agriculture ministry. This has strengthened hopes of a bumper crop this year, traders said. Wheat, the biggest rabi crop, is grown only in the rabi season in India. 

 

Prices of the main varieties of RICE were steady in Vashi. Prices of the 1401 and 1121 varieties of basmati rice were 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, 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. 

 

Prices of MAIZE in Indore fell by INR 10 per 100 kg to INR 1,770 per 100 kg due to low demand, Kochar said. Kochar expects maize prices to fall further 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 were also steady at 2,000 bags (1 bag = 60 kg), he said.  "Prices are expected to remain steady due to slow market activity," he said.  End

 

Edited by Avishek Dutta

 

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