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India Grain: Indore wheat rises on local demand; maize up in Purnea

Informist, Monday, Jul 11, 2022


By Tanya Rana


NEW DELHI – Wheat prices rose in key wholesale markets of Indore, Madhya Pradesh, today due to increased domestic demand. Maize prices were also higher in Purnea, a major market in Bihar, due to decline in supply, market participants said.


* Prices of mill-quality WHEAT rose in Indore, Madhya Pradesh, due to pick up in demand from flour millers and stockists, said local trader NK Agarwal.


* Arrivals were pegged at 5,000 bags, down 1,000 bags from Friday. Arrivals are lower as farmers are busy sowing other crops like paddy and soybean,” Agarwal said.


* Prices of mill-quality wheat were flat in Kota, Rajasthan, due to unchanged demand and supply, said local trader Chander Khandelwal.


* Arrivals were pegged at 5,000 bags (1 bag = 50 kg), unchanged from the previous trading day. 


* Today, prices of MAIZE rose in Purnea, Bihar, due to fall in arrivals, said Kanhaiya Rastogi, a local dealer.


* Arrivals were pegged at 22,500 bags (1 bag = 65 kg), down 7,500 bags from the previous day. Arrivals are likely to reduce more in the coming days as markets are nearing the lean season. 


* Maize prices were steady in Davanagere, Karnataka. Arrivals were pegged steady at 1,000 bags, said local trader Shiva Kumar. 


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


COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore      2,075-2,125               25WheatKota      2,020-2,060               —Maize    Davanagere            2,600


MaizePurnea      2,100-2,280               30Pusa 1121 basmati paddyAmritsar      3,120-3,160               —BajraJaipur      1,400-1,500               —




Edited by Sushmita Mukherjee


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Source: Cogencis

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