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:



Price/100 kg













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

Pusa 1121 basmati paddy









Edited by Shirsha Thakur


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