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Informist, Thursday, Feb. 5, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat, rice, and maize Thursday remained unchanged from the previous close across key spot markets in the country due to lack of fresh cues, traders said. Prices of wheat and maize are expected to fall from next week as the new rabi arrivals begin, they said. 

 

WHEAT prices in Indore, Madhya Pradesh were steady at INR 2,730 per 100 kilograms due to lack of fresh cues, said Gaurav Kochar, a local trader. Prices of wheat in Kota, Rajasthan, were largely steady at INR 2,500 per 100 kg, said Aniket Mehta, a local trader. "The situation in the wheat market is pathetic," he said. Arrivals in the Kota market were steady at 6,000 bags (1 bag = 50 kg), 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.

 

Meanwhile, Food Corp. of India's wheat sales under the open market sales scheme remained weak on Wednesday, with millers and processors purchasing only about two-thirds of the quantity on offer, reflecting subdued demand amid ample market supplies. FCI offered 126,000 tonnes of wheat and sold around 83,000 tonnes, or 66% of the total, according to sources. This compares with an offtake of 73% on Jan. 28 and 84% on Jan. 21.

 

The latest sales also marked a sharp decline from Jan. 14, when FCI sold 92% of the offered quantity after resuming wheat auctions following a temporary suspension in December. Demand for wheat was weak in states such as Punjab, Assam, and Haryana, which until last week saw millers and processors picking up almost the entire quantity on offer. While in Punjab, FCI ended up selling nearly 95% of the wheat offer, the offtake in Assam and Haryana fell below 90%. These states had seen a near total buying of FCI wheat last week.  

 

MAIZE prices remained steady in Indore at INR 1,740 per 100 kg due to a lack of fresh cues, Kochar 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 tepid market activity, said Shiva Kumar, a local trader. "There is no demand in the market," he said. Arrivals in the market fell to 3,000 bags from 6,000 bags the previous day (1 bag = 60 kg). "There is no major reason for the fall in arrivals, it mainly depends on the farmers," Kumar 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 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.  End

 

Edited by Tanima Banerjee

 

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