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.

 

COMMODITYMARKETPRICE
(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—

 

End

 

Edited by Mainak Moitra

 

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Source: Cogencis