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India Grain: Davanagere maize tad down on weak demand; wheat flat

Informist, Wednesday, Jul 13, 2022

 

By Tanya Rana

 

NEW DELHI – Maize prices fell slightly in Davanagere, a major market in Karnataka, due to lower demand from millers, while prices of wheat were flat across major markets, market participants said.

 

* Today, prices of MAIZE fell slightly in Davanagere, due to weak demand from millers, local trader Shiva Kumar said. 

 

* Arrivals were stable at 1,000 bags (1 bag = 65 kg).

 

* Prices of maize in the key market of Purnea, Bihar, were steady as firm demand from poultry feed manufacturers was offset by a rise in supply, local trader Kanhaiya Rastogi said.

 

* Arrivals were pegged at 30,000 bags, up 3,750 bags from Tuesday. 

 

* Prices of mill-quality WHEAT were steady 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. 

 

* Prices of mill-quality wheat were also flat in Indore, Madhya Pradesh, due to demand-supply parity, said local trader NK Agarwal.

 

* Arrivals were pegged at 5,000 bags, unchanged from Tuesday. 

 

* Arrivals are likely to fall in the coming days due to monsoon and farmers are busy sowing other crops like paddy and soybean.

 

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

 

COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore      2,100-2,125               —WheatKota      2,060-2,100               —Maize    Davanagere            2,580

           (-) 20

MaizePurnea      2,100-2,300               —Pusa 1121 basmati paddyAmritsar      3,120-3,160               —BajraJaipur      1,400-1,500               —

 

End

 

Edited by Sushmita Mukherjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. 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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