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India Grain: Purnea maize price down on weak demand; wheat mkt shut

Informist, Monday, May 30, 2022

 

By Tanya Rana

 

NEW DELHI – Prices of maize fell in Purnea, a major market in Bihar, due to poor demand from bulk buyers. Prices of wheat were unavailable as mandis across major benchmark markets were shut today, market participants said.

 

* In Purnea, Bihar, prices of MAIZE fell sharply today due to weak demand from bulk buyers due to poor quality of the crop, local dealer Kanhaiya Rastogi said. 

 

* Arrivals were pegged at 105,000 bags (1 bag = 65 kg) compared with 150,000 bags the previous day.

 

* Heavy rains have damaged most of the crop in Bihar over the last few days, traders said.

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

 

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

 

* Prices of mill-quality WHEAT were unavailable in Kota and Indore as key wholesale markets of Indore and Kota were shut today, traders said.

 

* Markets across the country were shut on account of Amavasya and will resume trade on Tuesday, traders said.

 

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

 

COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore               —               —WheatKota               —               —Maize    Davanagere            2,100               —MaizePurnea      2,000-2,100      (-) 100-120Pusa 1121 basmati paddyAmritsar      3,120-3,160               —BajraJaipur      1,400-1,500               —

 

End

 

Edited by Vidhi Verma

 

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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