Informist, Thursday, Sep 21, 2023
By Arunima Bharadwaj
NEW DELHI - Prices of mill-quality wheat remained steady today in Kota and Indore, market participants said. Maize prices were flat in Davanagere.
In Kota, mill-quality WHEAT was sold at 2,400-2,450 rupees per 100 kg, unchanged from Wednesday, said local trader Aniket Mehta. Arrivals of the staple grain were pegged steady at 10,000 bags (1 bag = 50 kg), Mehta said.
Wheat in Indore, Madhya Pradesh, was sold at 2,525 rupees per 100 kg and arrivals were pegged at 200 bags, Lavish Shah, a local trader said.
The US Department of Agriculture has marginally scaled down its estimate for global wheat consumption in 2023-24 by 200,000 tn to 795.9 mln tn, compared with the 796.1 mln tn projected last month.
The agency also projected global wheat production in 2023-24 at 787.34 mln tn, down from 793.37 mln tn projected in August.
MAIZE prices in Davanagere remained steady today. The grain was sold at 2,280 rupees per 100 kg. Arrivals were pegged steady at 300 bags. "New crop has started arriving in the market and has a moisture content of 20-30% against a permissible level of 11-12%," Kumar said.
So far in 2023-24 (Jul-Jun), farmers have sown maize across 8.4 mln ha against 8.1 mln ha a year ago.
The following table details grain prices in major markets, along with the change:
COMMODITY | MARKET | PRICE (rupees/100 kg) | CHANGE (rupees) |
|---|---|---|---|
Wheat | Indore | 2,525 | -- |
Wheat | Kota | 2,400-2,450 | -- |
Maize | Davanagere | 2,280 | -- |
Maize | Purnea | -- | -- |
End
Edited by Vandana Hingorani
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