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India Grain:Wheat rises in Indore, Kota on firm demand; maize steady

Informist, Monday, Oct 4, 2021


By Kavita Desai


MUMBAI – Prices of wheat in Kota and Indore rose today due to a pick up in domestic demand. Maize prices in Telangana’s Nizamabad and Karnataka’s Davanagere remained steady due to lack of strong demand, said market participants.


WHEAT prices in Kota, the benchmark market, rose on steady arrivals and firm demand from domestic stockists. Arrivals were pegged at 7,000 bags (1 bag = 50 kg), said Aniket Mehta, a Kota-based trader.  


* Prices also gained in Madhya Pradesh’s Indore. Arrivals were steady at 2,000 bags (1 bag = 100 kg).  


* Price of MAIZE in Davanagere, a key trading centre, remained steady as bulk buyers were reluctant to make huge purchases because of high moisture in the new crop. Today, around 10,000 bags (1 bag = 100 kg) arrived in the market, compared with 5,000 bags on Friday, said Shiva Kumar, a Davanagere-based trader.


* The new crop of maize has also started hitting the Nizamabad market in Telangana, however, prices were steady. Today, arrivals in Nizamabad were around 6,000 bags (1 bag = 50 kg) compared with 3,000 bags on Friday.


* Most spot markets were shut on Saturday on account of Gandhi Jayanti.


* Prices of BASMATI 1121 PADDY and BAJRA were largely unchanged across markets.


(rupees/100 kg)CHANGE
(rupees)WheatIndore1,95020-25WheatKota    1,90010MaizeNizamabad1,500—Maize    Davanagere1,600-1,700—Pusa 1121 basmati paddyAmritsar3,120-3,160—BajraJaipur1,400-1,500—




Edited by Mainak Moitra


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Source: Cogencis

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