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Informist, Thursday, Oct. 8, 2026

 

By Upasika Singhal

 

NEW DELHI – Maize prices were mixed, rising in Nizamabad, Telangana, and Purnia, Bihar, but steady in Indore, Madhya Pradesh, traders said. Rice and wheat prices were steady across spot markets in the country, they said. Maize prices rose in Nizamabad and Purnia because of low arrivals and strong demand from exporters and neighbouring states, traders said.

 

WHEAT prices were steady in Indore at INR 2,900 per 100 kilograms and in Kota, Rajasthan, at INR 2,700 per 100 kg. Prices in Vashi, Navi Mumbai, were also stable at INR 3,000 per 100 kg, Devendra Vora, a local wholesale trader, said. Despite low arrivals in the markets, prices remained stable because grain was widely available through "bilty". A bilty is a transportation receipt issued to traders who purchase grain from cultivators. Grain covered by these bilties is available for sale from warehouses or godowns to other traders or millers. 

 

Traders are also keeping a close eye on the northeast monsoons. Since wheat is a water-intensive crop, traders are apprehensive that the quality and yield of the crop will fall due to the El Nino phenomenon intensifying in the coming months, affecting rainfall. Traders also hope the government will hold open-market sales by next month, as they expect supplies to tighten after the festival season ends.

 

MAIZE prices rose by INR 50 per 100 kg in Nizamabad to INR 2,600, Jairam, a local trader, said. Prices rose by INR 50 per 100 kg in Purnia to INR 2,475-INR 2,550, local trader Kanhaiya Rastogi said. However, prices were steady in Indore at INR 2,380 per 100 kg, Gaurav Kochar, a local trader, said. 

 

"There is a lot of demand coming from West Bengal, which is why markets close to Bengal are seeing a rise in prices," said Rastogi. "There is also a lot of import demand from Bangladesh, which is also causing prices to rise," he added. Bangladesh, which had earlier shifted to maize imports from the US and Brazil, is now back to buying Indian maize because transportation costs are much lower than freight costs from those countries, Jairam said. "Arrivals have also slowed down a bit, which is also causing prices to rise," he said. 

 

RICE prices in Vashi were stable, Vora said. Prices of the 1509 Basmati variety were steady at INR 8,500 per 100 kg after a rapid rise and fall in the past few days, he said. "Since arrivals have more or less stabilised, so has the price," Vora said. Prices of the 1401 and 1121 Basmati varieties were steady at INR 9,600-INR 9,700 per 100 kg and INR 10,000-INR 10,200 per 100 kg, respectively. Traders expect prices of these two varieties to fall next month after arrivals start the week after Diwali, Vora said.   End

 

Edited by Saji George Titus

 

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