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India Grain: Spot wheat, maize prices steady across markets

Informist, Monday, May 23, 2022

 

By Tanya Rana

 

NEW DELHI – Prices of wheat and maize were flat in key wholesale markets across the country today, market participants said.

 

* Prices of mill-quality WHEAT in Indore, Madhya Pradesh, were largely steady today due to demand-supply parity, said local trader N.K. Agarwal.

 

* In Indore, arrivals were pegged at 15,000 bags (1 bag = 50 kg), up 11,000 bags from the previous day of trade. Supply increased, as the market reopened today after the weekend. 

 

* Demand from millers increased after prices fell post the government’s decision to ban wheat exports, Agarwal added.

 

* In Kota, Rajasthan, too, prices of wheat were flat today. Arrivals were pegged at 30,000 bags, unchanged from the previous day, said local trader Chander Khandelwal.

 

* Prices of MAIZE remained unchanged in Purnea, Bihar, due to weak demand, according to local dealer Kanhaiya Rastogi.

 

* Arrivals were lower at 112,500 bags (1 bag = 65 kg) compared with 135,000 bags on Saturday. Arrivals fell as rain disrupted supply in Purnea. 

* Prices of maize in Davanagere, a major market in Karnataka, were also stable due to demand-supply parity, said local trader Shiva Kumar.

 

* In Davanagere, arrivals were pegged at 1,000 bags, up 700 bags from the previous day.

 

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

 

COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore      2,050-2,100               —WheatKota            2,050               —Maize    Davanagere            2,100               —MaizePurnea      2,200-2,300               —Pusa 1121 basmati paddyAmritsar      3,120-3,160               —BajraJaipur      1,400-1,500               —

 

End

 

Edited by Namrata Rao

 

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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