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Informist, Thursday, Jan. 29, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat and maize in Indore, Madhya Pradesh, fell due to low demand and expectations of new rabi arrivals next week, while they remained largely steady in other key spot markets, traders said. Prices of both grains are likely to fall further once arrivals begin. Rice prices remained steady in the key spot markets due to lack of fresh cues, they said. 

 

WHEAT price in Indore fell by INR 10 per 100 kg to INR 2,760 per 100 kg as the market is expecting arrivals of the new rabi crop to begin in full swing next week, said Gaurav Kochar, a local trader. Prices were also weighed down by sluggish demand, he said. Wheat prices are expected to fall further once arrivals of the new rabi crop begin, he said. Prices of wheat in Vashi remained steady at INR 2,950 per 100 kg, said wholesale trader Devendra Vora. 

 

Prices of wheat in Kota, Rajasthan, were also largely steady at INR 2,475-INR 2,520 per 100 kg, said Aniket Mehta, a local trader. "Fluctuations of prices between INR 10-INR 20 per 100 kg is not significant in the wheat market," he said. Arrivals in the Kota market stood at 6,000 bags (1 bag = 50 kg). 

 

Prices of MAIZE in Indore fell by INR 30 per 100 kg to INR 1,740 per 100 kg ahead of new rabi arrivals and low demand in the market, Kochar said. "Prices are expected to fall by INR 100 per 100 kg as the new rabi arrivals start," he said. Maize prices in Davangere, Karnataka, were largely steady at INR 1,700-INR 1,900 per 100 kg, said Shiva Kumar, a local trader. Arrivals in the market rose by 2,000 bags to 5,000 bags (1 bag = 60 kg), he said. 

 

Prices of the main varieties of RICE remained steady in Vashi. The 1401 and 1121 varieties of basmati rice were steady at INR 8,000-INR 8,200 per 100 kg and INR 8,400-INR 8,800 per 100 kg, respectively, due to lack of fresh cues, Vora 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.  End

 

Edited by Nishant Maher

 

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