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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               —

 

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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