Informist, Thursday, Nov 30, 2023
By Yukta Mudgal
MUMBAI – Prices of maize were nearly unchanged today across key markets of Kota, Rajasthan and Davanagere, Karnataka, and those of mill-quality wheat were also steady in Kota, traders said.
In Davanagere, MAIZE prices were largely flat at 2,000-2,350 rupees per 100 kg, said Shiva Kumar, a local trader. However, arrivals fell by 2,000 bags to 3,000 bags (1 bag = 60 kg), he said.
“Due to less rainfall, maize production was low this year, and now arrivals are falling,” Kumar said.
As of today, key maize-producing states such as Karnataka and Bihar reported lower water storage levels compared to a year ago, according to the Central Water Commission’s weekly data.
In the 2023-24 first advance production estimates for kharif crops, maize production was seen down at 22.5 mln tn from 23.1 mln tn last year, according to the data released by the farm ministry.
In Kota, maize prices were largely steady at 2,090 rupees per 100 kg from the previous day, with arrivals at 3,000 bags, Aniket Mehta, a local trader, said.
WHEAT prices in Kota were also flat at 2,500 rupees per 100 kg today, and arrivals fell by 1,000 bags to 7,000 bags (1 bag = 50 kg), Mehta said.
Earlier this month, the Bharatiya Janata Party in its manifesto promised to raise the procurement price of wheat to 2,700 rupees per 100 kg in Rajasthan, if voted to power. The minimum support price for wheat for the 2024-25 marketing season is 2,275 rupees. On Nov 25, Rajasthan held legislative elections, the results for which will be announced on Sunday.
Wheat prices from Indore, Madhya Pradesh were unavailable today.
The daily average consumer wholesale price for RICE fell by 8.46 rupees today to 3,772.22 rupees per 100 kg from the previous day, according to the consumer affairs department.
The following table details grain prices in major markets, along with the change:
End
Edited by Vidhi Verma
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