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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               —




Edited by Namrata Rao


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Source: Cogencis

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