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Informist, Wednesday, Mar. 25, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of wheat and maize showed mixed trends, while prices of rice were unchanged in key spot markets across the country, traders said. Prices of wheat rose in some markets due to higher demand from millers and stockists, they said. Prices of maize fell in some markets because of a decline in arrivals, they said, adding that prices of rice are expected to remain steady till the market gets fresh cues from the ongoing hostilities in West Asia.

 

WHEAT prices in Kota, Rajasthan, rose by INR 150-INR 200 per 100 kg from Monday to INR 2,350-INR 2,450 per 100 kg, said Ravi Mehta, a local trader. Arrivals of the new rabi wheat crop were steady at 125,000 bags (1 bag = 50 kg), he said.

 

Prices of the grain rose due to higher demand from both stockists and millers, Mehta said. Stockists have begun purchasing wheat in fear of further rise in prices, while most millers have switched over to the new wheat crop completely, he said. "All the milling plants have started up, and everyone is processing the new wheat crop only — they have stopped buying the older stock," he said. Millers prefer fresh stock over the older "warehouse" stocks, he said.

 

In the near term, prices of wheat will be dependent on demand, Mehta said. If prices rise more, stockists will be discouraged from making purchases, he said. 

 

The price of wheat in Indore, Madhya Pradesh, was steady at INR 2,460 per 100 kg, said Gaurav Kochar, a local trader. Prices were unchanged amid stable demand for new arrivals of the rabi crop, he said. The price of wheat in Vashi, Navi Mumbai, was also steady at INR 2,700 per 100 kg, said wholesale trader Devendra Vora.

 

The price of MAIZE in Indore was unchanged at INR 1,850 per 100 kg, Kochar said. The price is steady as demand for the coarse grain is on par with the supply, he said. Arrivals of the new rabi crop are expected to rise next week and peak by mid-April. As such, prices could fall by INR 100 per 100 kg or more next month, he said.

 

Prices of maize in Davangere, Karnataka, rose by INR 50 from Tuesday to INR 1,650-INR 1,800 per 100 kg, said Shiva Kumar, a local trader. Arrivals on Wednesday halved to 1,000 bags (1 bag = 60 kg), he said. Prices rose due to a fall in arrivals, he said. Arrivals of the new rabi crop are yet to begin in full swing, he said.

 

Prices of various varieties of RICE were steady in Vashi, Vora said. Prices of 1401 basmati rice were at INR 8,500–INR 8,700 per 100 kg, 1121 basmati rice at INR 9,400–INR 9,500 per 100 kg, and 1509 basmati rice at INR 8,500 per 100 kg. Prices are expected to remain steady in the near term as the market waits for more cues from the ongoing military hostilities in West Asia, Vora said. Countries in the region are the top destinations for exports of Indian basmati rice. Prices are also expected to remain unchanged as most markets across the country will remain shut for the next few days for various festivals and ahead of the financial year-end, he said.  End

 

Edited by Avishek Dutta

 

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