India Grain: Davanagere maize tad down on weak demand; wheat flat

India Grain: Davanagere maize tad down on weak demand; wheat flat

Informist, Wednesday, Jul 13, 2022

 

By Tanya Rana

 

NEW DELHI – Maize prices fell slightly in Davanagere, a major market in Karnataka, due to lower demand from millers, while prices of wheat were flat across major markets, market participants said.

 

* Today, prices of MAIZE fell slightly in Davanagere, due to weak demand from millers, local trader Shiva Kumar said. 

 

* Arrivals were stable at 1,000 bags (1 bag = 65 kg).

 

* Prices of maize in the key market of Purnea, Bihar, were steady as firm demand from poultry feed manufacturers was offset by a rise in supply, local trader Kanhaiya Rastogi said.

 

* Arrivals were pegged at 30,000 bags, up 3,750 bags from Tuesday. 

 

* Prices of mill-quality WHEAT were steady in Kota, Rajasthan, due to unchanged demand and supply, said local trader Chander Khandelwal.

 

* Arrivals were pegged at 5,000 bags (1 bag = 50 kg), unchanged from the previous trading day. 

 

* Prices of mill-quality wheat were also flat in Indore, Madhya Pradesh, due to demand-supply parity, said local trader NK Agarwal.

 

* Arrivals were pegged at 5,000 bags, unchanged from Tuesday. 

 

* Arrivals are likely to fall in the coming days due to monsoon and farmers are busy sowing other crops like paddy and soybean.

 

* Prices of BASMATI 1121 PADDY and BAJRA were largely unchanged across markets.

 

COMMODITY  MARKET     PRICE     CHANGE
 (rupees/100 kg)    (rupees)
WheatIndore      2,100-2,125               --
WheatKota      2,060-2,100               --
Maize    Davanagere            2,580

           (-) 20

MaizePurnea      2,100-2,300               --
Pusa 1121 basmati paddyAmritsar      3,120-3,160               --
BajraJaipur      1,400-1,500               --

 

End

 

Edited by Sushmita Mukherjee

 

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