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India Grain: Wheat down in Kota for 2nd day on weak export demand

Informist, Wednesday, Dec 15, 2021

 

By Tanya Rana

 

NEW DELHI – Prices of wheat in Kota, Rajasthan, fell today, while they were flat in Madhya Pradesh’s Indore. Prices of maize rose in Davanagere due to improved demand, traders said.

 

* Prices of WHEAT in the key market of Kota fell for the second straight day because of weak demand from overseas buyers such as Nepal and Bangladesh, said Aniket Mehta, a local trader. 

 

* Arrivals were pegged unchanged at 7,000 bags (1 bag = 50 kg) today.

 

* Prices of mill-quality wheat in Indore were largely unchanged today despite lower arrivals. Arrivals were pegged at 1,000 bags (1 bag = 100 kg), down from 1,200 bags on Tuesday, said trader N.K. Agarwal. 

 

* Prices of MAIZE in Davanagere, a key market in Karnataka, rose marginally due to improved demand today amid steady arrivals. Arrivals today were at 3,000 bags (1 bag = 65 kg), said local trader Shiv Kumar.

 

* Demand for maize is seen sluggish over the next few weeks as market participants wait for the good quality crop to reach markets before making fresh purchases, said Kumar.

 

* Prices of maize in Purnea, Bihar, remained steady today. Arrivals were also pegged steady at 4,000 bags, said local trader Kanhaiya Rastogi.

 

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

 

COMMODITYMARKETPRICE
(rupees/100 kg)CHANGE
(rupees)WheatIndore1,950-2,000—WheatKota1,900-1,925(-) 25Maize    Davanagere1,62020MaizePurnea1,980—Pusa 1121 basmati paddyAmritsar3,120-3,160—BajraJaipur1,400-1,500—

 

End

 

Edited by Avishek Dutta

 

Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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Source: Cogencis

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