Informist, Tuesday, Jan 11, 2022
By Tanya Rana
NEW DELHI – Prices of wheat remained steady today across key markets in the country, while those of maize rose in Davanagere on the back of improved demand, traders said.
* Prices of MAIZE rose in Davanagere, a key market in Karnataka, due to an improvement in bulk demand amid steady supply. Arrivals were steady at 7,000 bags (1 bag = 65 kg), a Davanagere-based trader said.
* Arrivals in Davanagere have decreased over the past few days as farmers are holding on to their stocks in anticipation of rise in prices in the near future, a local trader said.
* Prices of maize in Purnea, Bihar, were flat despite fall in arrivals, said Ravi, owner of Purnea-based R.K. Trading. Arrivals were pegged at 1,000 bags, compared with 1,500 bags on Monday.
* Supply of the coarse grain in Bihar may decline further in the coming days as it is a lean season and fresh crop will hit markets only in the first week of April.
* Prices of WHEAT in Indore, Madhya Pradesh, were flat as demand and arrivals remained steady. Arrivals were pegged at 1,000 bags (1 bag = 100 kg), unchanged from Monday, said N.K. Agarwal, a local trader.
* Demand from bulk buyers has declined as they are waiting for the arrival of new crop, which will hit the market in March, local trader N.K. Agarwal said.
* Prices of wheat in Kota, a key market in Rajasthan, remained unchanged because of parity between demand and supply. Arrivals were pegged at 3,000 bags, steady as compared with Monday, Kota-based trader Chander Khandelwal said.
* Prices of BASMATI 1121 PADDY and BAJRA were largely unchanged across markets.
| COMMODITY | MARKET | PRICE (rupees/100 kg) | CHANGE (rupees) |
| Wheat | Indore | 2,025-2,050 | -- |
| Wheat | Kota | 2,070 | -- |
| Maize | Davanagere | 1,800 | 20 |
| Maize | Purnea | 2,100 | -- |
| Pusa 1121 basmati paddy | Amritsar | 3,120-3,160 | -- |
| Bajra | Jaipur | 1,400-1,500 | -- |
End
Edited by Deepshikha Bhardwaj
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