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Informist, Wednesday, Jul. 1, 2026

 

By Shreya Shetty

 

MUMBAI – Prices of wheat and maize showed mixed trends while prices of rice were unchanged in key spot markets across the country, traders said. Prices of wheat and maize in Indore, Madhya Pradesh, continued to rise as arrivals declined with farmers busy with kharif sowing, they said. Rice prices are likely to be supported in the near term by forecasts of below normal rainfall, which could lead to lower kharif production, they said.

 

Prices of WHEAT in Indore rose by INR 10 per 100 kilograms to INR 2,720 per 100 kg Wednesday, said Gaurav Kochar, a local trader. Prices rose for the third consecutive time this week owing to the slowdown in arrivals, he said. Arrivals have reduced as farmers are busy either preparing their fields for the kharif season or sowing kharif crops, he said. Most farmers who grow wheat during the rabi season also cultivate soybean during the kharif season, he said. Prices are likely to rise further in the near term as kharif sowing is likely to begin in full swing across the state after monsoon showers commenced over Madhya Pradesh last week.

 

Prices of wheat in Vashi, Navi Mumbai, were steady at INR 2,700 per 100 kg, said Devendra Vora, a wholesale trader. Prices are unchanged amid stable demand, he said. The market is waiting for the government to announce the commencement of open-market sales of wheat, which is likely to influence the movement of spot market prices in the near term, he said.

 

MAIZE prices in Indore rose by INR 50 per 100 kg to INR 2,400 per 100 kg Tuesday, Kochar said. Prices of maize continued their uptrend amid a decline in arrivals, he said. Prices are also supported by worries about lower acreage and subsequently lower production of kharif maize this year, he said. Most key maize-producing regions in the country have received deficient rainfall so far in the current monsoon season, which has resulted in a decline in maize acreage, he said. Maize acreage across the country during the ongoing kharif season fell to 1.57 million hectares from 1.86 million hectares a year ago, data from the agriculture ministry showed.

 

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 progress of the monsooon for further cues, he said. Below-normal rainfall during the monsoon is likely to result in lower production of rice during the kharif season, which could support prices, he said. India is likely to have below-normal rainfall in July as well, mainly due to persisting El Nino conditions. The average rainfall during July is expected to be around 94% of the long-period average of 280.4 mm, the India Meteorological Department said. In June, rainfall was nearly 40?low normal.  End

 

Edited by Rajeev Pai

 

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