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Informist, Wednesday, Jun. 17, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of wheat were mixed, while those of maize and rice were steady in key spot markets in the country, traders said. Wheat prices in Kota, Rajasthan, rose amid a slight increase in demand, they said. Maize prices in the near term are likely to depend on monsoon progress, while rice prices could remain steady as the market monitors developments in West Asia, they said.

 

WHEAT prices in Kota rose by INR 50 per 100 kilograms to INR 2,325-INR 2,351 per 100 kg, said Ravi Mehta, a local trader. Arrivals were steady at 15,000 bags (1 bag = 50 kg), he said. Prices rose due to a slight increase in demand while arrivals stayed the same as the previous day, he said. 

 

"Some days, arrivals are less and demand remains the same, so then the market goes up," said Gaurav Kochar, a local trader from Indore in Madhya Pradesh. "Or, arrivals remain the same, but sometimes new buyers come, so prices go up," he added. Currently, there is no specific increase in demand for wheat amid comfortable supplies, he said. The government's wheat procurement has also wrapped up, so the market is taking cues from demand and supply gaps, he said.

 

The price of wheat in Vashi in Navi Mumbai was steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader. Demand for wheat is largely need-based, while arrivals are steady, keeping prices unchanged, he said.

 

MAIZE prices were steady in Indore at INR 2,175 per 100 kg, Kochar said. The market is monitoring monsoon progress for further cues, he said. The monsoon is delayed over many western, central, and northern parts of the country, and the crop is currently reliant only on pre-monsoon showers, he said. A further delay in the monsoon is likely to impact overall acreage and production of kharif maize, which could send prices higher in the medium term, 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 were steady in Vashi, Vora said. Prices of the 1409 and 1509 varieties of basmati rice were steady at INR 9,500-INR 9,600 per 100 kg and INR 8,200-INR 8,300 per 100 kg, respectively, he said. Prices of the 1121 variety of basmati rice were also steady at INR 10,000–INR 10,200 per 100 kg, he said. The market is likely to take cues from the developments in West Asia in the near term, he said. "If the peace deal is signed by the US and Iran on Friday, then it would take at least two more months for Indian exports of basmati rice to the Gulf to go back to pre-war conditions. And this is if the deal actually is signed, because tensions between Israel and Lebanon are still there," an expert said. Countries in West Asia are the top destinations for Indian basmati rice exports.  End

 

Edited by Saji George Titus

 

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