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India Grain:Wheat prices up on high demand from millers, maize steady

Informist, Monday, Jul 25, 2022


By Tanya Rana


NEW DELHI – Prices of wheat in Kota in Rajasthan and Indore in Madhya Pradesh rose due to strong demand from millers, while those of maize were steady across major benchmark markets across the country, said traders.


* Prices of mill-quality WHEAT rose today in Indore due to high demand from millers and bulk buyers, local trader N.K. Agarwal said. Prices are likely to rise more in the coming days due to strong demand from millers and lower stock of wheat in the government’s central pool, traders said.


* In Indore, arrivals were pegged steady at 8,000 bags (1 bag = 50 kg).


* Prices of mill-quality wheat also rose in Kota due to high domestic demand amid a fall in arrivals, local trader Aniket Mehta said.


* Arrivals were pegged at 10,000 bags, down 5,000 bags from Friday.


* Prices of MAIZE were steady in Purnea, Bihar, due to demand-supply parity, local dealer Kanhaiya Rastogi said. Arrivals were pegged at 30,000 bags (1 bag = 65 kg), unchanged from Friday. 


* Prices of maize in Davanagere, a major market in Karnataka, were also flat. Arrivals were estimated at 1,000 bags, unchanged from the previous day, local trader Shiva Kumar said.


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


COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore      2,250-2,300            50-75WheatKota            2,200               75Maize    Davanagere            2,400


MaizePurnea      2,100-2,310               —Pusa 1121 basmati paddyAmritsar      3,120-3,160               —BajraJaipur      1,400-1,500               —




Edited by Avishek Dutta


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Source: Cogencis

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