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Wednesday, December 6, 2023

India Grain: Wheat steady across key markets; Davanagere maize flat

Informist, Thursday, Sep 21, 2023

 

By Arunima Bharadwaj

 

NEW DELHI – Prices of mill-quality wheat remained steady today in Kota and Indore, market participants said. Maize prices were flat in Davanagere.

 

In Kota, mill-quality WHEAT was sold at 2,400-2,450 rupees per 100 kg, unchanged from Wednesday, said local trader Aniket Mehta. Arrivals of the staple grain were pegged steady at 10,000 bags (1 bag = 50 kg), Mehta said.

 

Wheat in Indore, Madhya Pradesh, was sold at 2,525 rupees per 100 kg and arrivals were pegged at 200 bags, Lavish Shah, a local trader said.

 

The US Department of Agriculture has marginally scaled down its estimate for global wheat consumption in 2023-24 by 200,000 tn to 795.9 mln tn, compared with the 796.1 mln tn projected last month.

 

The agency also projected global wheat production in 2023-24 at 787.34 mln tn, down from 793.37 mln tn projected in August.

 

MAIZE prices in Davanagere remained steady today. The grain was sold at 2,280 rupees per 100 kg. Arrivals were pegged steady at 300 bags. “New crop has started arriving in the market and has a moisture content of 20-30% against a permissible level of 11-12%,” Kumar said.

 

So far in 2023-24 (Jul-Jun), farmers have sown maize across 8.4 mln ha against 8.1 mln ha a year ago.  

 

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

 

COMMODITY

MARKET

PRICE

(rupees/100 kg)

CHANGE

(rupees)

Wheat

Indore

2,525—

Wheat

Kota

2,400-2,450—

Maize    

Davanagere

2,280—

Maize

Purnea

End

 

Edited by Vandana Hingorani

 

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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