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Informist, Wednesday, Apr. 8, 2026

By Shreya Shetty

MUMBAI – Prices of wheat showed mixed trend and those of maize and rice were unchanged in key spot markets across the country, traders said. Prices of wheat rose in Kota, Rajasthan, supported by a robust procurement of the grain by the government, they said. Maize prices were unchanged as demand matched supply and rice prices were steady amid stable demand, they said.

Prices of WHEAT in Kota rose by INR 50-INR 70 per 100 kilograms from Tuesday to INR 2,350-INR 2,520 per 100 kg, said Ravi Mehta, a local trader. Arrivals fell by 20,000 bags to 80,000 bags (1 bag = 50 kg), he said. Prices of the best quality wheat also rose by INR 20-INR 30 per 100 kg to INR 2,520-INR 2,730 per 100 kg, he said. Prices of wheat were supported by the robust procurement of the legume by the Food Corp. of India in Rajasthan, he said. The central nodal agency began procuring the grain in the state on Monday, he said.

"Arrivals are also down because a lot of farmers are selling their crops to the government," Mehta said. The government is procuring wheat at the minimum support price of INR 2,585 per 100 kg, which is higher than the price many farmers are getting in the spot market, he said. "Wheat which is slightly lower in quality will be sold at lower prices in the market whereas the government will purchase it at MSP (minimum support price) anyway," he said. Prices are expected to remain supported this week as strong procurement is likely to continue, he said. 

Prices of wheat in Indore, Madhya Pradesh, were unchanged at INR 2,450 per 100 kg, said Gaurav Kochar, a local trader. Prices of wheat in the Vashi market in Navi Mumbai, Maharashtra, were unchanged at INR 2,600 per 100 kg, said local trader Devendra Vora.

MAIZE prices in Indore were steady at INR 1,900 per 100 kg, Kochar said. Prices are steady as demand for the grain was on a par with its supply, he said. Prices are expected to remain range-bound till arrivals of the new crop increase, he said. Most of the maize crop has been unaffected by the ongoing wet spell in many parts of the country as the bulk of the crop has already been harvested, experts said. 

Prices of maize in Davangere, Karnataka, were steady at INR 1,750-INR 1,850 per 100 kg, said Shiva Kumar, a local trader. Arrivals were steady at 1,000 bags (1 bag = 50 kg), he said. 

Prices of various RICE varieties were also steady, Vora said. Prices of 1401 basmati rice were INR 8,500–INR 8,700 per 100 kg, 1121 basmati at INR 9,400–INR 9,500 per 100 kg, and 1509 basmati rice at INR 8,500 per 100 kg. Prices were unchanged amid stable demand for both basmati and non-basmati varieties of rice, he said. 

The market is awaiting more clarity on the ability to resume exports of basmati rice to countries in West Asia, Mehta said. While the US and Iran announced a two-week ceasefire, which includes the reopening of the Strait of Hormuz, the market is still wary of sudden changes, he said. "There were so many changes in the deadlines given to Iran, so now we are all waiting to see if this ceasefire will be carried out or not," he said. West Asia is one of the top destinations of Indian basmati rice exports.  End

Edited by Akul Nishant Akhoury

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