Informist, Wednesday, Mar 2, 2022
By Tanya Rana
NEW DELHI – Wheat prices rose today in Kota, Rajasthan, while prices in Indore, Madhya Pradesh, were unavailable due to a local holiday. On the other hand, price of maize rose in Davanagere, traders said.
* Prices of mill-quality WHEAT in Kota, a key market in Rajasthan, rose today due to high demand from local buyers, said Chander Khandelwal, a trader.
* Arrivals were pegged steady at 3,500 bags (1 bag = 100 kg). Auctions were not held on Tuesday as the key wholesale market remained closed on account of Maha Shivratri, traders said.
* Together, Russia and Ukraine export more than a quarter of wheat to the world. Wheat would become more expensive if supplies were to be disrupted.
* The prices of mill-quality wheat in Indore were unavailable because key wholesale markets were shut on account of Amavasya, traders said. The market will resume trade from Thursday.
* Price of MAIZE in Davanagere, a major market in Karnataka, rose today due to high demand from stockists and lower arrivals, said Chandrasekhar Babu, a local trader.
* Arrivals were pegged at 800 bags (1 bag = 65 kg), down 500 bags from the previous day of trade. Markets were shut and auctions were not held on Tuesday on account of Maha Shivratri, traders said.
* A drop in arrivals in Tamil Nadu raised demand for the commodity in Davanagere, which also supported prices, traders said.
* Maize prices in Purnea, Bihar, remained flat today due to steady demand and supply, said local trader Kanhaiya Rastogi. Arrivals were pegged steady at 800 bags.
* Prices of BASMATI 1121 PADDY and BAJRA were largely unchanged across markets.
End
Edited by Maheswaran Parameswaran
Cogencis news is now Informist. 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. 2022. All rights reserved.
Source: Cogencis