More Stories

Informist, Wednesday, Jun. 3, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of wheat and maize were steady in key spot markets across the country, while those of basmati rice were mixed on Wednesday, traders said. Prices of the 1401 variety of basmati at the Vashi market in Navi Mumbai, Maharashtra, rose due to higher domestic demand, while prices of other varieties remained steady, they said. Wheat prices are expected to remain largely unchanged in the near term amid ample supply, while maize prices could rise due to expectations of lower kharif acreage, they said.

 

WHEAT prices in Kota, Rajasthan, were steady Wednesday at INR 2,375-INR 2,400 per 100 kilograms, said Ravi Mehta, a local trader. Arrivals rose by 7,000 bags to 22,000 bags (1 bag = 50 kg), he said. Prices have stabilised with the rise in arrivals, he said. "Yesterday (Tuesday), prices rose a bit due to a fall in arrivals and farmers, acting on that, have brought more crops today. We really cannot make out any trend in arrivals for the time being," he said. The government's procurement in Rajasthan has largely wrapped up, which is likely to prompt most of the remaining crop to be brought to the markets, he said.

 

As of May 31, the government has procured 2.43 million tonnes of wheat in Rajasthan, up by over 29% from a year ago, data from the Food Corp. of India showed. The state has procured substantial quantities under relaxed quality norms following damage to the crop in March and April. Under the relaxed quality norms, farmers can sell wheat with up to 15% shrivelled and broken grains, compared with the earlier limit of 6%. The permissible limit for loss of lustre has also been relaxed up to 50%.

 

The price of wheat in Indore, Madhya Pradesh, was unchanged at INR 2,590 per 100 kg, said Gaurav Kochar, a local trader. Prices are steady amid stable demand, he said. "There isn't much movement in the market. This happens when there is plenty of supply and only need-based demand," he said. Though arrivals of the crop are likely to decline starting next month, prices are expected to remain steady due to the ample availability of the current crop and carry-over stocks from last year, he said. 

The price of wheat in Vashi was steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader. Prices are supported by government procurement amid low market activity, he said. 

 

The price of MAIZE in Indore was unchanged at INR 2,175 per 100 kg, Kochar said. Prices are stable as demand and supply of the coarse grain are equally matched, he said. "The price outlook for maize remains the same. I think there will be a reduction in kharif acreage because maize requires a lot of water, and the forecasts of below-normal rainfall during monsoon are discouraging," 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 800 bags (1 bag = 50 kg), he said.

 

Prices of RICE varieties showed mixed trends in Vashi, Vora said. Prices of the 1121 and 1509 varieties of basmati rice were steady at INR 10,000-INR 10,200 per 100 kg and INR 8,200-INR 8,300 per 100 kg, respectively, he said. Prices of the 1401 variety of basmati rice rose by INR 300 per 100 kg to INR 9,400-INR 9,500 per 100 kg, he said. Prices of the 1401 variety rose amid higher domestic demand, Vora said.  End

 

Edited by Saji George Titus

 

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.