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Informist, Tuesday, Feb. 17, 2026

 

By Shreya Shetty

 

MUMBAI – Wheat and maize prices were unchanged, even as rice varieties showed mixed trends in key spot markets across the country, traders said. Basmati rice prices rose due to tight supply conditions, while non-basmati rice remained steady. Wheat prices were stable as new crop arrivals have yet to gather pace, and maize prices were unchanged amid steady demand, they said.

 

WHEAT prices at Vashi market in Navi Mumbai, Maharashtra, were steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader. Prices stabilised as arrivals of the new rabi crop dropped slightly on Tuesday, he said. However, prices are expected to remain under pressure in the near term as robust arrivals of the new crop are likely to continue, he said. Currently, new crop arrivals have begun from Gujarat and a few districts in Madhya Pradesh, he said. 

 

While most of the market expects a record output of the staple grain this year, Vora said it will likely depend on the weather this week. According to the India Meteorological Department, hailstorms are likely over parts of Punjab, Haryana, and Rajasthan this week. A wet spell with thunderstorms is also likely over the region, the weather department said. A continuous spell of rainfall or hailstorms could damage the standing wheat crop in these states, Vora said.

 

Prices of wheat in Indore, Madhya Pradesh, were steady at INR 2,620 per 100 kg, said Gaurav Kochar, a local trader. Prices are unchanged as arrivals of the new crop in the state are yet to begin in full swing, he said. Stable demand for the staple grain from millers and traders is also keeping prices steady, he said.

 

The price of MAIZE in Indore was steady at INR 1,715 per 100 kg, Kochar said. Prices are unchanged as demand is on par with its supply, he said. Prices are expected to be weighed down by new crop arrivals in the near term, he said. With the ethanol industry shifting its focus from maize to rice, the coarse grain's prices are unlikely to find support in the medium term.

 

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 unchanged at 5,000 bags (1 bag = 60 kg), he said.

 

Prices of different varieties of RICE showed mixed trends. In Vashi, the price of the 1401 variety of basmati rice rose INR 100 from Monday to INR 8,300-INR 8,500 per 100 kg, and that of the 1121 variety rose INR 200 to INR 9,000-INR 9,200 per 100 kg, Vora said. Basmati rice prices continued to rise due to supply shortages, he said. "Lower output from Punjab during the kharif season is raising prices now," he said. In September, many parts of northern India, including Punjab, recorded heavy rainfall, resulting in flash floods and landslides. This damaged around 30% of the basmati rice crop in the state, according to traders.

 

Prices of sona masoori rice, a premium non-basmati variety, were 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 owing to seasonally low demand, he said.  End

 

Edited by Saji George Titus

 

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