Back

India Grain: Indore wheat up on firm demand, maize down in Nizamabad

Informist, Wednesday, Apr 7, 2021

 

By Nibedita Saha

 

NEW DELHI – Prices of maize rose in Davangere today, while they slumped in the Nizamabad spot market. In Indore, wheat prices inched higher, but were largely steady in Kota. 

 

* Prices of MAIZE rose in Davangere, a key market in Karnataka, due to firm bulk demand and a decline in arrivals, traders said. Arrivals were pegged lower at 3,000 bags (1 bag = 100 kg) against 5,000 bags on Tuesday. 

 

* Prices are seen rising over the next few days as demand is likely to be robust and arrivals are expected to decline further, local trader Shiv Kumar said.

 

* However, maize prices fell in Nizamabad due to weak demand from bulk buyers, said traders. 

 

* Prices of mill-quality WHEAT rose in Indore, a key market in Madhya Pradesh, today despite an increase in arrivals due to firm demand from bulk buyers for the good-quality crop, local trader Manjoj Khala said. Arrivals were pegged higher at 5,000 bags (1 bag = 100 kg) against 3,000 bags on Tuesday. 

 

* Prices are seen rising over the next few days as demand for the good-quality crop is likely to firm up and arrivals are expected to decline as farmers are selling their produce to the government at the minimum support price, Khala said.

 

* In Kota, wheat prices were largely steady from Tuesday due to weak demand amid a decline in arrivals, traders said. Arrivals were seen lower at 100,000 bags (1 bag = 100 kg), compared with 150,000 bags on the previous day.


* BASMATI 1121 PADDY and BAJRA prices were largely unchanged across markets, traders said.

 

* Following are highlights of trading in grain markets today:

Commodity

Market

Price/100 kg

Change

(rupees)

Wheat

Indore

1,800

20

Wheat

Kota

17,00-1,740

Maize

Nizamabad

1,400 

(-) 170
Maize                Davangere1,520-1,55020

Pusa 1121 basmati paddy

Amritsar

3,120-3,160

Bajra

Jaipur

1,350-1,400

 

End

 

Edited by Shirsha Thakur

 

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 feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2021. All rights reserved.

Other News

EDITORIAL: RBI’s gilt purchase plan quantitative easing by ‘jugaad’

Informist, Friday, Apr 9, 2021 Indians are experts at working with the resources at their disposal and coming up with the sort of life hacks which has given form to the word 'jugaad'. The Reserve Bank of India seems to be no exception, going by its new gilt purchase programme. The first version of the gilt acquisition programme, […]

Govt source says FY21 fisc gap seen lower than revised aim of 9.5%

Informist, Friday, Apr 9, 2021 –Govt source: See higher than projected revenues, spending in FY21 By Adrija Chatterjee and Shubham Batra NEW DELHI – The fiscal deficit for 2020-21 (Apr-Mar) is likely to be lower than the revised projection of 9.5% of GDP, a top finance ministry official told Informist. As per provisional estimates with the ministry, both the revenues […]

Govt likely to launch third tranche of Bharat Bond ETF by Jun-end

Informist, Friday, Apr 9, 2021 –Source: Govt to soon ask PSUs on borrowing requirement for FY22  By Sagar Sen NEW DELHI – The government is likely to launch the next tranche of the Bharat Bond Exchange-Traded Fund by June-end and will ask public sector companies for their fund requirements soon, a senior finance ministry official said. "The last tranche was […]