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Informist, Monday, Aug. 18, 2025

 

By J. Navya Sruthi

 

MUMBAI – Maize prices rose in key markets Monday due to firm demand and low arrivals, traders said. However, prices of wheat and rice remained steady from the previous day due to lack of fresh cues, traders said. 

 

MAIZE prices in Indore, Madhya Pradesh, rose by INR 40 to INR 2,400 per 100 kilogram, local trader Gaurav Kochar said. Low arrivals and firm demand from poultry sector led to a rise in prices, he added. Currently, maize arrivals are low as there is no crop left from the previous season and arrivals of the new kharif crop begin only in October, he said.

 

Traders said there might be some loss in maize crop due to excess rainfall in key growing areas, which is also likely to support prices. However, there will be more clarity about the acreage once the final kharif sowing report is out, he added. The overall trend for maize prices is likely to remain sluggish moving forward due to availability of cheaper substitutes like rice sold by the Food Corp. of India to meet demand from the ethanol sector, Kochar said.

 

WHEAT prices in Vashi, Navi Mumbai, were stable at INR 2,800-INR 2,825 per 100 kg, said Devendra Vora, a wholesale dealer. Vora said wheat prices are expected to rise by INR 100 per 100 kg in the near term due to firm demand ahead of festivals and lack of government wheat sales so far.

 

Wheat prices should be on the higher side as supply is low globally this year, traders said. Global wheat production in 2025-26 is expected to fall 2.5 million tonnes to 1,069.6 million, primarily on lower production in China, Brazil, and Argentina, according to a monthly report by the US Department of Agriculture. 

Prices of 1401 basmati RICE in Vashi remained steady at INR 7,300-INR 7,400 per 100 kg, Vora said. Prices of the 1121 basmati rice variety were also stable at INR 7,800-INR 8,000 per 100 kg. Prices of premium non-basmati rice variety, sona masoori, were also steady from the previous day at INR 4,600 per 100 kg in Vijayawada's Bhavanipuram in Andhra Pradesh, said local trader Ravi Shankar.

 

According to Shankar, prices are expected to remain steady until October with a slight downward bias. Prices may decline once the new crop arrives in the market in October, he said.  End

 

Edited by Subhojit Sarkar

 

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