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Wednesday, November 29, 2023

India Grain: Wheat rises slightly in Kota; Davanagere maize flat

Informist, Friday, Jul 21, 2023

 

By Sayantan Sarkar

 

NEW DELHI – Prices of mill-quality wheat rose slightly in Kota, Rajasthan, while those of maize in Davanagere, Karnataka, were flat today. 

 

Prices rose slightly due to a drop in arrivals, said Aniket Mehta, a Kota-based trader. Arrivals were lower due to rainfall in the last few days, said the trader. 

 

In Kota, wheat was sold at 2,150-2,200 rupees per 100 kg, up 5-10 from the previous trading day. Arrivals were at 5,000 bags (1 bag = 50 kg) today lower from 10,000 bags the previous day.

 

In Davanagere, maize was sold at 2,100-2,350 rupees per 100 kg, steady from the previous trading day, said Shiva Kumar, a local trader. Arrivals were also steady at 500 bags, he said.

 

The government on Thursday prohibited the export of non-basmati white rice with immediate effect, the Directorate General of Foreign Trade said in a notification. The decision to curb exports comes amid lower paddy acreage and concerns over El Nino. Acreage of rice, the key grain in the kharif season, was down 6.1% on year at 12.3 mln ha as of Jul 14. The total area sown under paddy so far is 30.8% of the normal area for the season.

 

The following table details grain prices in major markets, along with the change:

 

COMMODITY

MARKET

PRICE

(rupees/100 kg)

CHANGE

(rupees)

Wheat

Indore

Unavailable—

Wheat

Kota

2,150-2,2005–10 rupees

Maize    

Davanagere

2,200-2,350unch

Maize

Purnea

Unavailable

 

End

 

Edited by Avishek Dutta

 

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

Source: Cogencis

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