Informist, Wednesday, Nov 23, 2022
By Arunima Bharadwaj
NEW DELHI – Spot prices of wheat rose in wholesale markets of Kota in Rajasthan today due to low arrivals, and prices of maize rose in Purnea, Bihar, on account of a surge in demand from poultry feed manufacturers, traders said.
* In Purnea, the prices of MAIZE rose due to an increase in demand from poultry feed manufacturers. Arrivals were steady at 7,500 bags (1 bag = 65 kg), local dealer Kanhaiya Rastogi said.
* Prices are expected to rise by 50-100 rupees in the coming days, Rastogi said.
* Meanwhile, prices of maize were steady in Davanagere, Karnataka and arrivals were pegged at 4,000 bags, said Shiva Kumar, a local trader.
* Prices of mill-quality WHEAT in Kota rose due to a decline in arrivals amid an increased demand from stockists, said Aniket Mehta, a local dealer. Arrivals were estimated at 4,000 bags (1 bag = 50 kg), down 1,000 bags from Tuesday.
* “Prices are expected to remain steady for some time now as the government is not planning to intervene in the market currently,” Mehta said.
* Prices of mill-quality wheat were unavailable today in Indore, Madhya Pradesh, as key wholesale markets were shut on account of New Moon day, N.K. Agarwal, a local trader said.
* Markets in Indore will resume trade on Thursday, Agarwal said.
* Prices of BASMATI 1121 RICE were stable today, traders said.
End
Edited by Vidhi Verma
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