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India Grain: Davanagere maize tad up as rains damage crop; wheat unch

Informist, Wednesday, Oct 12, 2022

 

By Tanya Rana 

 

NEW DELHI – Prices of maize rose for the third straight day in the key wholesale markets of Davanagere, Karnataka, as heavy showers have damaged fresh crops, while prices of wheat and basmati 1121 rice were stable today, traders said.

 

* Prices of maize rose for the third straight day today in Davanagere, Karnataka, as crops were damaged by untimely rains, said Shiva Kumar, a local trader.   

 

* “Excessive and untimely rains have damaged 4-5% of maize and prices have moved up in the Davanagere market,” Kumar said. 

 

* Today, arrivals were pegged steady at 1,200 bags (1 bag = 65 kg).

 

* Prices of maize in Purnea, Bihar, were unchanged today. Arrivals were pegged at 18,750 bags, compared with 10,500 bags the previous trading day, local dealer Kanhaiya Rastogi said.

 

* In Kota, Rajasthan, prices of mill-quality WHEAT were flat today. Arrivals were pegged flat at 5,000 bags (1 bag = 50 kg), said Aniket Mehta, a local trader.

 

* Similarly, in Indore, Madhya Pradesh, the price of mill-quality wheat was steady. Arrivals were pegged steady at 5,000 bags, said N.K. Agarwal, a local trader.

* Prices of BASMATI 1121 RICE were stable, traders said.

 

COMMODITY  MARKET     PRICE     CHANGE (rupees/100 kg)    (rupees)WheatIndore            2,400               —WheatKota            2,240               —Maize    Davanagere      1,700-2,160

               20

MaizePurnea      2,260-2,430               —Pusa 1121 basmati riceAmritsar            8,750               —

 

End

 

Edited by Maheswaran Parameswaran

 

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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