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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

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

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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