More Stories

Informist, Friday, Apr. 10, 2026

By Shreya Shetty

MUMBAI – Prices of wheat and rice showed mixed trends while prices of maize were steady in key spot markets across the country, traders said. Prices of wheat fell in some markets amid low demand, as stockists are yet to begin bulk purchases, they said. Prices of some varieties of basmati rice surged due to an improved sentiment as the market believes demand from West Asian countries is likely to surge once military action in the region ceases, they said. Maize prices were unchanged as demand matched supply, they said.

WHEAT prices in Kota, Rajasthan, fell INR 30-INR 50 per 100 kg to INR 2,345-INR 2,400 per 100 kg, said Ravi Mehta, a local trader. Prices of the best quality wheat also fell in the same range to INR 2,440-INR 2,610 per 100 kg, he said. Arrivals rose 20,000 bags to 120,000 bags (1 bag = 50 kg), he said. Prices fell due to sluggish demand, he said. "Demand from stockists is typically robust during this time of the year, but only a few of them have made purchases so far," he said. 

Prices of wheat in Indore, Madhya Pradesh were steady at INR 2,450 per 100 kg, said Gaurav Kochar, a local trader. Prices have been largely steady as demand for the grain has been on par with its supply, he said. While arrivals usually begin to increase during April, peaking by the middle of the month and weighing on prices, delayed harvesting this year has kept arrivals steady, he said.

The recent spell of rainfall over many parts of north India, such as Madhya Pradesh, Punjab, and Haryana, has impacted the standing wheat crop, Kochar said. "Harvesting was disturbed because farmers can't cut the crop in rain. They also need to let the affected crop dry out before harvesting it and bringing it to the market," he said. Currently, the market is receiving the early harvested crop, whose arrivals are likely to decrease in the next few weeks, he said. This is likely to push up prices by INR 100-INR 200 per 100 kg in the near term, he said. Arrivals of the grain may peak by mid-May, which marks a delay of nearly one month from the usual time, he said.

Prices of wheat in Vashi in Navi Mumbai, Maharashtra, were also steady at INR 2,600 per 100 kg, said Devendra Vora, a local trader.

MAIZE prices in Indore were steady at INR 1,900 per 100 kg, Kochar said. Though arrivals of the new rabi crop have declined slightly, demand has matched its pace, keeping prices unchanged, he said. Steady demand for the coarse grain is expected to continue in the near term as many traders and millers are looking to stock up, he 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 some RICE varieties surged, while others remained steady, Vora said. Prices of 1401 basmati rice rose to INR 9,700-INR 9,800 per 100 kg from INR 8,500–INR 8,700 per 100 kg on Thursday, he said. Prices of 1121 basmati rice rose to INR 10,000-INR 10,200 per 100 kg from INR 9,400–INR 9,500 per 100 kg, he said. Prices of 1509 basmati rice were unchanged at INR 8,500 per 100 kg, he said.

Prices of some basmati rice varieties jumped due to an improvement in sentiment ahead of the US and Iran's ceasefire talks in Pakistan later in the day, Vora said. Basmati rice stocks in most of the countries in West Asia have depleted completely, which is likely to prompt a surge in demand once military action in the region comes to a halt, he said. "Till how long will the war go on? Yes, there were some attacks despite the ceasefire announcement earlier this week, but at some point it will stop. People in those countries need to eat, and there are reports suggesting their granaries have run out completely," he said. While these countries also purchase basmati rice from Pakistan, the latter had exported most of its stock in the second half of 2025, he said. "India is the only country which can supply West Asia with basmati now, so sentiment has improved," he said.  End

Edited by Tanima Banerjee

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.