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Informist, Tuesday, Feb. 24, 2026

 

By Shreya Shetty

 

MUMBAI – Wheat and rice prices were steady Tuesday, while maize prices declined in some markets due to a slight rise in new arrivals, traders said. Wheat prices were steady amid low market activity as most buyers are waiting for new arrivals to increase, they said. 

 

WHEAT prices in Indore, Madhya Pradesh, were steady at INR 2,600 per 100 kg, said Gaurav Kochar, a local trader. Prices were unchanged amid subdued market activity. Most buyers are waiting for arrivals of the new rabi crop to begin in full swing, he said. "Buyers are expecting prices to drop," he said. Prices are expected to fall by INR 100 per 100 kg once arrivals from all major wheat-producing states begin by mid-March, he said. Buyers would also prefer purchasing the freshly harvested crop over older crop stocks, he said.

 

The price of wheat in Kota, Rajasthan, was steady at INR 2,360-INR 2,400 per 100 kg, said Ravi Mehta, a local trader. Arrivals were steady at 4,000 bags (1 bag = 50 kg), he said. The price of wheat at the Vashi market in Navi Mumbai, Maharashtra, was also steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader.

 

While most of the market expects record wheat production this year, it is too "early" to confirm it, Mehta said. "I cannot say with full confidence that there will be record production this year because it has already got so hot in many northern states," he said. Maximum temperatures in multiple north Indian states, such as Rajasthan and Madhya Pradesh, have risen over the past few weeks. A further rise in temperatures could harm the standing crop in some of these states, he said.

 

The price of MAIZE in Indore fell by INR 10 from Monday to INR 1,690 per 100 kg, Kochar said. Prices fell marginally due to a slight rise in arrivals of the new crop, he said. The new crop is of good quality, but buying interest is low amid low demand from both the ethanol sector and the poultry feed industry, he said. Demand could increase if prices fall further, he said.

 

Prices of maize in Davangere, Karnataka, were steady at INR 1,600–INR 1,800 per 100 kg, said Shiva Kumar, a local trader. Arrivals were steady at 3,000 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, Vora said. The demand for both basmati and non-basmati varieties of rice is stable, he 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 Vijayawada, Andhra Pradesh, said Ravi Shankar, a local trader. Prices are likely to remain steady in the near term due to seasonally low demand, he said.  End

 

Edited by Saji George Titus

 

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