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Informist, Wednesday, Jun. 24, 2026

By Shreya Shetty

MUMBAI – Prices of grains were steady in key spot markets across the country, traders said. Wheat prices are likely to rise in the near term due to prospects of higher demand during the festival season which will begin from August, while maize prices are likely to rise in the near term amid worries about the ongoing sowing and kharif production this year, they said. Rice prices could be supported in the near term due to expectations of a revival in demand from West Asia, they said.

Prices of WHEAT in Kota, Rajasthan, were steady at INR 2,425-INR 2,475 per 100 kg, said Ravi Mehta, a local trader. Arrivals rose by 3,000 bags to 18,000 bags (1 bag = 50 kg), he said. While need-based demand from millers and traders remained slightly higher, arrivals also increased, keeping prices steady, he said. Arrivals have reduced significantly from the previous month, as farmers have either sold their stock to the government or in the market, he said. However, many farmers still hold ample stocks, and are waiting to offload it whenever prices rise, he said.

Prices of wheat in Indore, Madhya Pradesh, were steady at INR 2,660 per 100 kg, said Gaurav Kochar, a local trader. Prices were unchanged amid stable demand for wheat, he said. In the medium term, demand for the festival season, which spans from August to November, along with worries about a strong El Nino impacting rabi wheat sowing and production, is likely to support prices, though a steep rise is unlikely as comfortable stocks with the government, large buyers, and traders is expected to keep supply largely uninterrupted, he said.

The price of wheat in Vashi, Navi Mumbai, was steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader. Prices were unchanged as demand for wheat matched its supply, he said.

MAIZE prices in Indore were steady at INR 2,300 per 100 kg, Kochar said. Prices have stabilised after rising sharply on Tuesday amid worries about lower maize acreage and production in the ongoing kharif season, he said. Strong El Nino conditions in the coming months are expected to impact rainfall during the second half of the season, which is August and September. Below normal rainfall during that period could affect maize yields, causing a decline in production, he said. Higher temperatures during that period could also impact production, 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 9,600-INR 9,700 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 monitoring the opening up of the Strait of Hormuz, as more traffic is passing through the key waterway. This is likely to lead to a revival in demand for Indian basmati rice exports from countries in West Asia, which are the top destinations of Indian rice shipments.   End

Edited by Akul Nishant Akhoury

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