Informist, Friday, May 5, 2023
By Arunima Bharadwaj
NEW DELHI – Prices of mill-quality wheat and maize remained steady today in major markets across the country, market participants said.
WHEAT prices remained steady in Kota, Rajasthan, as supply was enough to cater to the demand, said Aniket Mehta, a local trader. In Kota, wheat was sold at 1,920-1,970 rupees per 100 kg. Arrivals were also pegged steady at 60,000 bags (1 bag = 50 kg), Mehta said.
In Madhya Pradesh’s Indore, wheat was sold at 2,250-2,275 rupees per 100 kg, steady from Thursday, said Lavish Shah, a local trader. Arrivals were pegged steady at 1,000 bags.
The government has estimated wheat production in 2022-23 (Jun-Jul) at a record high of 112.2 mln tn, 4.2% above the output of 107.7 mln tn the previous year.
The US Department of Agriculture has scaled up its estimate for global wheat output in 2022-23 (May-Apr) to 789.02 mln tn from 788.94 mln tn a month ago.
In Purnea, Bihar, prices of MAIZE ranged from 1,750 rupees to 1,800 rupees per 100 kg, unchanged from Thursday due to regular demand and supply, traders said. Arrivals of the crop were also pegged steady at 7,000 bags.
Similarly, maize prices remained unchanged in Davanagere in Karnataka. In Davanagere, maize was sold at 1,450-1,900 rupees per 100 kg, steady from Thursday, said Shiva Kumar, a local trader. Arrivals of the grain were pegged at 3,000 bags, down 500 bags from the previous day of trade.
The following table details the prices in rupees per 100 kg, in major markets, along with the change in their value:
End
Edited by Avishek Dutta
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