19.2 C
New York
Saturday, June 3, 2023

India Grain: Bihar maize prices fall as arrivals rise; Kota wheat dn

Informist, Tuesday, Mar 28, 2023


By Arunima Bharadwaj


NEW DELHI – Prices of maize fell in key markets of Purnea in Bihar as arrivals of the grain increased, and those of mill-quality wheat fell in Kota, Rajasthan, due to sluggish demand, traders said.


MAIZE was sold at 2,400-2,450 rupees per 100 kg in Purnea, Bihar, down 50 rupees from Monday because of an increase in arrivals, said Kanhaiya Rastogi, a local trader. Arrivals were pegged at 6,125 bags (1 bag = 65 kg), compared with 900 bags on Monday, Rastogi said.


At Davanagere in Karnataka, maize prices were steady at 1,900-2,100 rupees per 100 kg, said Shiva Kumar, a local trader. Arrivals of the grain were pegged steady at 1,000 bags.


Prices of mill-quality WHEAT fell in Kota on tepid demand, said Aniket Mehta, a local trader. Wheat was sold at 1,950-2,000 rupees per 100 kg in Kota, down 50 rupees from Monday. 


Arrivals of the crop were pegged steady at 125,000 bags (1 bag = 50 kg), Mehta said.


In Indore, Madhya Pradesh, however, wheat prices remained steady from Monday at 2,200-2,240 rupees per 100 kg, said Lavish Shah, a local trader. Arrivals were also pegged steady at 10,000 bags.


The government has estimated the cereal’s output at 112.2 mln tn, 4.2% above the previous year’s output at 107.7 mln tn. At 112.2 mln tn, wheat output in the country would reach a record high level. However, the unusual behaviour of weather, first abnormal heat in some regions and then unseasonal rains in some others, has created uncertainty about the wheat output this season.


The following table details the prices in rupees per 100 kg, in major key markets, along with the change in their value:





 (rupees/100 kg)




      2,200-2,240               —



      1,950-2,000           (-) 50








           (-) 50Fine riceGulbarga            4,625           (-) 75



Edited by Akul Nishant Akhoury


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.


Informist Media Tel +91 (11) 4220-1000

Send comments to [email protected]


© Informist Media Pvt. Ltd. 2023. All rights reserved.


Source: Cogencis

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -

Latest Articles

Popular Articles