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India Grain: Kota wheat falls on rise in supply; maize in Purnea down

Informist, Friday, Jul 22, 2022

 

By Tanya Rana

 

NEW DELHI – Prices of wheat fell today in Kota, Rajasthan, due to increase in arrivals amid steady demand from millers, and those of maize also edged lower in Purnea, a major market in Bihar, said market participants.

 

* In Kota prices of mill-quality WHEAT fell due to an increase in arrivals amid steady demand, local trader Aniket Mehta said.

 

* Supply increase as farmers are offloading their stocks due to high prices.

 

* Arrivals were pegged at 15,000 bags (1 bag = 50 kg), up 4,000 bags from Thursday.

 

* Prices of mill-quality wheat were flat in Indore, Madhya Pradesh. Arrivals were estimated at 8,000 bags, down 2,000 bags from the previous day, local trader NK Agarwal said.

 

* Prices of MAIZE fell slightly in Purnea due to an increase in supply amid steady demand from poultry feed manufacturers, local dealer Kanhaiya Rastogi said.

 

* Arrivals in Purnea were pegged at 30,000 bags (1 bag = 65 kg), up 7,500 bags from Thursday. 

 

* Prices of maize in Davanagere, a major market in Karnataka, were unchanged.

 

* Arrivals were estimated at 1,000 bags, unchanged from the previous day, local trader Shiva Kumar said.

 

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

 

COMMODITY  MARKET     PRICE     CHANGE
 (rupees/100 kg)    (rupees)
WheatIndore      2,175-2,225               —
WheatKota      2,060-2,130           (-) 10
Maize    Davanagere            2,400

               —

MaizePurnea      2,100-2,310           (-) 10
Pusa 1121 basmati paddyAmritsar      3,120-3,160               —
BajraJaipur      1,400-1,500               —

 

End

 

Edited by Sushmita Mukherjee

 

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Cogencis news is now Informist news. 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.

 

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