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Informist, Tuesday, Feb. 10, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of wheat and rice were steady Tuesday while prices of maize showed mixed trends in key spot markets across the country, traders said. Prices of wheat were steady amid tepid market activity, while those of rice were unchanged amid steady demand for the grain, they said. Prices of maize fell in some markets due to low demand for old stocks of the grain, they said.

 

The price of WHEAT in Indore, Madhya Pradesh, was steady at INR 2,700 per 100 kg, said Gaurav Kochar, a local trader. The price of wheat at Vashi in Navi Mumbai, Maharashtra, remained steady at INR 2,850 per 100 kg, said Devendra Vora, a wholesale trader. Prices are steady amid low market activity as arrivals of the new rabi wheat crop are awaited, traders said.

 

There are some concerns regarding wheat production this year, with the India Meteorological Department forecasting above-normal temperatures in February, said Ravi Mehta, a local trader. While damage to the crop is unlikely, it could result in crop loss, as the grain cannot withstand long periods of warm temperatures, he said. However, any loss in production is expected to be minimal and will not impact prices, he said. "There is production everywhere--Madhya Pradesh, Punjab, Uttar Pradesh, Haryana, and Rajasthan, so I am not too concerned about supply issues," he said. Mehta also pointed out that the market has enough carry-forward stocks of wheat from the older crop, which is expected to keep supply comfortable.

 

Price of MAIZE in Indore fell INR 15 from Monday to INR 1,715 per 100 kg, Kochar said. Demand for old stocks is sluggish as the market is waiting for arrivals of the new rabi crop, which are likely to begin in the near term, he said. Prices are likely to be range-bound in the lower range till arrivals of the new crop begin, after which a downtrend is likely, he said. Prices of maize at Davangere in Karnataka were steady at INR 1,700–INR 1,900 per 100 kg, said Shiva Kumar, a local trader. Arrivals in the market were steady at 4,000 bags (1 bag = 60 kg), he 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, because of the lack of fresh cues, Vora said. Steady domestic and export demand for the grain, as well as the government's procurement, are keeping prices range-bound and controlled, he said.

 

Food Corp. of India's rice procurement so far in the kharif marketing season 2025-26 (Oct-Sept) has reached 46.50 million tonnes, achieving over 97% of the government's revised target, supported by strong purchases in Telangana, Haryana, and Chhattisgarh. The revised kharif rice procurement target is 47.75 million tonnes, up from 46.35 million tonnes earlier, according to a government official.

 

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 local trader. Prices are likely to remain unchanged in the near term due to seasonally low demand, he said.  End

 

Edited by Ashish Shirke

 

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