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Informist, Monday, Jun. 29, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of wheat rose, while those of maize and rice were unchanged in key spot markets across the country, traders said. Wheat prices rose due to a slowdown in arrivals and concerns about below-normal rainfall during the monsoon, they said. Maize and rice prices are likely to rise in the near term due to concerns about lower kharif production this year, they said. 

 

The price of WHEAT in Vashi, Navi Mumbai, rose by INR 100 per 100 kg to INR 2,700 per 100 kg Monday, said Devendra Vora, a wholesale trader. Prices rose due to concerns about overall agricultural production in India this year amid delay in the monsoon, forecasts of below-normal rainfall during the southwest monsoon, and strengthening of El Nino conditions, he said. "There is a problem with water resources for irrigation already for kharif crops, what will be the situation for rabi crops then?" he said. 

 

The onset and progress of the monsoon over India has faced several delays since the beginning of June, and the strengthening of El Nino in the latter half of the year is likely to cause deficient rainfall in both the southwest and northeast monsoons, according to several weather bureaus. This could lead to a shortfall in water levels in reservoirs across the country and loss of soil moisture, which are essential for rabi crops such as wheat, Vora said.

 

Prices of wheat in Indore rose by INR 20 per 100 kilograms to INR 2,680 per 100 kg Monday, said Gaurav Kochar, a local trader. The rise in prices was due to a fall in arrivals, said Kailash Kakani, a local trader. Arrivals of the rabi crop usually decline during this time of the year as farmers are busy preparing their fields for kharif crop sowing, he said. "Many wheat farmers grow soybean during kharif, so they are too busy preparing for sowing currently to bring their wheat stocks to the markets," he said.

 

MAIZE prices in Indore were unchanged at INR 2,350 per 100 kg Thursday, Kochar said. The market is monitoring the progress of the monsoon and kharif maize sowing this year, he said. Kharif maize production is likely to take a hit if the country receives below-normal showers during the second half of the monsoon, he said. Maize is a highly water-intensive crop, 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. In the near term, prices of both non-basmati and basmati rice are expected to be supported by prospects of lower production this year, he said. "All crops will be impacted by below-normal rainfall this year, including rice. Rice depends on water heavily, so prices are expected to rise soon because many key producing regions are yet to record any rainfall or have received deficient showers," he said.  End

 

Edited by Avishek Dutta

 

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