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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               —




Edited by Deepshikha Bhardwaj



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Source: Cogencis

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