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India Grain: Kota wheat prices up on firm demand; Davanagere maize dn

Informist, Thursday, Jul 14, 2022

 

By Tanya Rana

 

NEW DELHI – Prices of wheat rose today in Kota, Rajasthan, due to improved demand from local buyers, while those of maize edged lower in Davanagere, a major market in Karnataka, due to feeble demand from millers, said market participants.

 

* Prices of mill quality WHEAT rose in Kota due to good demand from flour millers and stockists, said local trader Aniket Mehta.

 

* Arrivals were pegged at 6,000 bags (1 bag = 50 kg), unchanged from the previous trading day. 

 

* “Arrivals are expected to remain low for the next few weeks as farmers are busy sowing other crops such as paddy and soybean, and also because of monsoon,” said a trader.

 

* On the other hand, prices of mill quality wheat were steady today in Indore, Madhya Pradesh. Arrivals were pegged steady at 5,000 bags, said a local trader N.K. Agarwal. 

 

* Today, prices of MAIZE fell for the second straight day in Davanagere due to decreased demand from millers, a local trader Shiva Kumar said. 

 

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

 

* Prices of maize in key market of Purnea, Bihar, were steady today despite a fall in supply, a local trader Kanhaiya Rastogi said.

 

* Arrivals in Purnea were pegged at 22,250 bags, down 7,500 bags from Wednesday, due to unfavourable weather conditions in the region. 

 

* 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      2,060-2,120               20Maize    Davanagere            2,550

           (-) 30

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

 

End

 

Edited by Deepshikha Bhardwaj

 

 

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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