More Stories

Informist, Tuesday, Feb. 3, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of maize rose at Indore in Madhya Pradesh on Tuesday as a sudden wet spell deterred arrivals in the market, while they remained steady in other key spot markets, traders said. Prices of wheat and rice remained steady due to a lack of fresh cues, they said. Maize prices are expected to fall as the new rabi arrivals begin. 

 

MAIZE prices rose in Indore by INR 15 per 100 kilograms due to low arrivals because of unfavourable weather, said Gaurav Kochar, a local trader. A sudden wet spell in most parts of the state caught many by surprise, impacting the transport of the grain to markets, he said.

However, prices are expected to fall by INR 100 per 100 kg as the new rabi arrivals begin, Kochar said. Maize prices at Davangere in Karnataka remained unchanged at INR 1,700-1,900 per 100 kg due to low market activity, said Shiva Kumar, a local trader. "There is no demand in the market," he said. Arrivals in the market were steady at 5,000 bags (1 bag = 60 kg). 

 

As of Friday, maize acreage increased nearly 4.9% to 2.9 million hectares, data released by the agriculture ministry showed. 

 

WHEAT prices in Indore remained steady at INR 2,740 per 100 kg due to a lack of fresh cues, said Kochar. Prices of wheat in Kota, Rajasthan, were largely steady at INR 2,470-INR 2,520 per 100 kg, said Ravi Mehta, a local trader. Arrivals in the Kota market fell by 500 bags to 2,500 bags (1 bag = 50 kg) due to rainfall in the state, he said. Prices of wheat in Vashi, Navi Mumbai, also remained steady at INR 2,850 per 100 kg due to lack of fresh cues, Devendra Vora, a wholesale trader, said. 

 

Acreage under wheat, the largest rabi crop, rose 1.9% on year to 33.4 million hectares, up from 32.8 million hectares a year ago, data released by the agriculture ministry showed.  Wheat is grown only during the rabi season in India.

 

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 a 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 Andhra Pradesh's Vijayawada, said Ravi Shankar, a trader. Prices are likely to remain unchanged for the next two months due to subdued demand, he said.

 

The area sown under rabi paddy edged up 0.6% on year to 4.50 million hectares.

 

Meanwhile, the Indian Rice Exporters' Federation said it expects a pickup in rice shipments to the US after Washington announced a reduction in its reciprocal tariff on Indian goods. The proposed move would narrow the tariff gap and help restore export parity for Indian rice with major competing suppliers such as Thailand and Pakistan. The federation noted that improved price competitiveness could encourage US buyers to step up purchases of Indian rice, supporting higher export volumes in the coming months.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.