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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               —




Edited by Sushmita Mukherjee


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Source: Cogencis

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