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India Grain: Purnea maize prices rises on low arrivals; wheat steady

Informist, Tuesday, Sep 20, 2022

 

By Tanya Rana

 

NEW DELHI – Prices of maize rose in Purnea, Bihar, due to a decline in arrivals as rain disrupted supply, while those of wheat were flat, traders said.

 

* Prices of MAIZE rose in Purnea due to a fall in arrivals, local dealer Kanhaiya Rastogi said.

 

* Arrivals were pegged at 9,000 bags (1 bag = 65 kg), compared with 15,000 bags on Monday. Arrivals fell as farmers couldn’t offload their stocks due to unfavourable weather conditions. 

 

* In the key market of Davanagere, Karnataka, prices of maize were steady today. Arrivals were at 600 bags, down 400 bags from the previous trading day, local trader Shiva Kumar said.

 

* Prices are expected to fall by 300-350 rupees per 100 kg in around 10 days as farmers are selling off their old stocks at a cheaper rate before the arrival of new maize crops in the first week of October, Kumar added. 

 

* Prices of mill-quality WHEAT were stable in Kota, Rajasthan, as a fall in arrivals was offset by weak demand from domestic millers, said Aniket Mehta, a local trader.

 

* Arrivals were pegged at 15,000 bags (1 bag = 50 kg), down 5,000 bags from Monday. 

 

* In Indore, Madhya Pradesh, prices of mill-quality wheat were unchanged. Arrivals were pegged flat at 2,500 bags amid steady demand, said Jitendra Panwar, a local trader.

 

* Prices of BASMATI 1121 RICE were flat today because of steady demand from bulk buyers, traders said. 

 

COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore      2,300-2,350               —WheatKota            2,220               —Maize    Davanagere            2,350

               —

MaizePurnea      2,280-2,480               50Pusa 1121 basmati riceAmritsar            8,750               —

 

End

 

Edited by Vidhi Verma

 

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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