More Stories

Informist, Wednesday, May 13, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of grains were unchanged in key spot markets across the country, traders said. Wheat prices were steady due to stable demand, with only need-based purchases being made amid ample supply of the grain, they said. Maize prices were steady as demand was on par with supply, they said. Though maize prices could fall in the near term due to a rise in arrivals from Bihar, expectations of lower acreage in the upcoming kharif season could support prices, they said. Rice prices were unchanged amid low market activity, they said.

 

WHEAT prices in Indore, Madhya Pradesh, were steady at INR 2,580 per 100 kg, said Gaurav Kochar, a local trader. Prices were unchanged amid stable demand for the grain, he said. With ample availability of wheat with large buyers, traders, and stockists, demand is largely need-based, he said. Though wheat production is likely to fall this year, it is unlikely to impact prices due to comfortable carryover stocks, he said. "Production is down 10-15% from the previous year because of crop loss and damage in many top-producing states, which were hit by unseasonal rainfall and hailstorms in March and April," he said.

 

Despite localised damage to the crop this year, India's wheat production in the current crop year ending June is likely to surpass last year's 117.94 million tonnes, the Press Trust of India reported Monday, quoting Agriculture Minister Shivraj Singh Chouhan. On the other hand, the Roller Flour Millers' Federation had last month projected wheat output at 110 million tonnes, factoring in weather damage.

 

The price of wheat in Vashi in Navi Mumbai, Maharashtra, was steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader. Prices were unchanged due to low market activity, he said. Demand is likely to rise once all participants return to the market in June, though a steep rise is unlikely amid ample availability of the grain, he said.

 

The price of MAIZE in Indore was unchanged at INR 2,125 per 100 kg, Kochar said. Prices are steady as demand for the coarse grain is on par with its supply, he said. The harvest of the maize summer crop in Bihar is ongoing, and arrivals of this crop are likely to weigh on prices in the near term, he said. Bihar's summer maize crop accounts for around 28% of the coarse grain production in the state. However, in the medium term, prices could be supported by a potential fall in maize acreage in the upcoming kharif sowing season, he said. With forecasts of a below-normal monsoon, and a looming fertiliser shortage due to the West Asia war, maize farmers could shift to other crops in crop year 2026-27 (Jul-Jun), he said. 

 

Prices of maize in Davanagere, Karnataka, were steady at INR 1,800-INR 2,050 per 100 kg, said Shiva Kumar, a local trader. Arrivals were steady at 1,500 bags, he said. 

 

Prices of RICE varieties were steady in Vashi, Vora said. The price of 1401 basmati rice was steady at INR 9,500-INR 9,600 per 100 kg, and that of the 1121 variety was also unchanged at INR 10,000-INR 10,200 per 100 kg. Prices are likely to be range-bound in the near term, with sluggish demand in both the domestic and export markets, he said. The market is monitoring the ongoing developments in West Asia, and weather forecasts about the upcoming southwest monsoon, he said.  End

 

Edited by Avishek Dutta

 

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.