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India Grain: Weak demand weighs on maize prices in Purnea, wheat flat

Informist, Wednesday, May 25, 2022


By Tanya Rana


NEW DELHI – Prices of maize in Purnea, a major market in Bihar, fell sharply today due to weak demand for the poor quality crop. Prices of wheat were flat across the country, traders said.


* Prices of MAIZE slumped in Purnea today due to weak demand from bulk buyers as the crop has been damaged due to cyclonic storm Asani, local dealer Kanhaiya Rastogi said. 


* Arrivals were pegged at 150,000 bags (1 bag = 65 kg), unchanged from Tuesday. 


* Thousands of maize farmers suffered heavy losses in Bihar after their crops were damaged by thunderstorms and rain over the last few days.

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


* In Davanagere, arrivals were pegged at 1,000 bags.


* Prices of mill-quality WHEAT in Indore, Madhya Pradesh, were flat today due to steady demand and arrivals, said local trader N.K. Agarwal. In Indore, arrivals were pegged at 12,000 bags (1 bag = 50 kg). 


* In Kota, Rajasthan, prices of wheat were steady. Arrivals were pegged at 33,000 bags, up 3,000 bags from Tuesday, said local trader Chander Khandelwal.


* 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      2,100-2,220           (-) 80Pusa 1121 basmati paddyAmritsar      3,120-3,160               —BajraJaipur      1,400-1,500               —




Edited by Avishek Dutta


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Source: Cogencis

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