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Informist, Friday, Feb. 6, 2026

 

By Udita S. Jaiswal

 

MUMBAI – Prices of wheat fell in Indore, Madhya Pradesh, Friday ahead of new rabi arrivals, which will begin next week, traders said. Prices of maize and rice remained steady in key spot markets due to lack of fresh cues. Prices of maize are also expected to fall in the near term when new arrivals begin, traders said. 

 

WHEAT prices in Indore fell INR 30 per 100 kilograms to INR 2,700 per 100 kg ahead of new rabi arrivals, said Gaurav Kochar, a local trader. Prices of wheat in Vashi, Navi Mumbai, remained steady at INR 2,850 per 100 kg due to lack of fresh cues, Devendra Vora, a wholesale trader, said. Prices of wheat in Kota, Rajasthan, were largely steady at INR 2,470-INR 2,500 per 100 kg, said Aniket Mehta, a local trader. Arrivals were steady at 6,000 bags (1 bag = 50 kg), he said.

 

The Ministry of Consumer Affairs, Food and Public Distribution has withdrawn the wheat stock limit order, effective immediately, following improved market availability ahead of the upcoming festival season, the ministry said in a statement Thursday. The government had imposed the wheat stock limit till Mar. 31. As per the wheat stock declaration by private entities on the Department of Food and Public Distribution's portal for 2025-26, wheat stock availability with private entities is significantly higher at 8.1 million tonnes compared to 3 million tonnes a year ago, indicating comfortable supply in the country, the ministry said.

 

Some traders were satisfied with this move, while some do not see any changes in the market. "The government removed the wheat stock limit before harvesting to encourage buying during arrivals (of the new crop) and prevent a price crash, keeping market prices supported," Kochar said. "They (the government) want to prevent panic selling and avoid a sharp price crash in the spot markets while keeping overall wheat prices stable-to-firm," he added.

 

On the other hand, Mehta does not see the move supporting wheat prices, as all private entities already have plenty of stocks to carry forward and are unlikely to buy more even though stock limits have been lifted. "Old stock (of private entities and traders) has still not been sold, who will buy more wheat?" Mehta said. "Many companies already have lakhs of tonnes of wheat."   

 

MAIZE prices remained unchanged in Indore at INR 1,740 per 100 kg due to lack of fresh cues, Kochar said. However, prices are expected to fall by INR 100 per 100 kg as new rabi arrivals begin, Kochar said. Maize prices at Davangere in Karnataka remained steady at INR 1,700–1,900 per 100 kg due to slow market activity, said Shiva Kumar, a local trader. Arrivals in the market rose by 1,000 bags to 4,000 bags (1 bag = 60 kg). There is no major reason for the fall in arrivals, it mainly depends on farmers, Kumar said.

 

Prices of the main varieties of RICE remained unchanged 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 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 Avishek Dutta

 

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