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India Grain: Kota wheat prices up on firm demand, Nizamabad mkt shut

Informist, Tuesday, Apr 20, 2021

 

By Nibedita Saha

 

NEW DELHI – Prices of wheat rose in Kota, a key market in Rajasthan, due to strong bulk demand, local trader Aniket Mehta said. However, the rise in prices was limited because of higher arrivals, he said. Prices of maize, too, rose in Davanagere, while prices in Nizamabad were unavailable as the market was shut on account of Ram Navami.  

 

* In Kota, arrivals were pegged higher at 70,000 bags (1 bag = 100 kg), compared with 60,000 bags on Monday, traders said. 

   

* "Demand is expected to be firm ahead of COVID-19 restrictions across the country. WHEAT prices are likely to rise due to strong demand following supply disruptions," Mehta said.

 

* Wheat prices in the benchmark Indore market were unavailable as the market was shut due to COVID-related curbs. It will resume operations from Monday, said traders. 

 

* Prices of MAIZE in Davanagere, a key market in Karnataka, rose due to strong domestic demand. Prices could rise further over the next few days as demand is seen firming up with traders anticipating lower production this year.

 

* The Nizamabad market will also remain closed on Wednesday on the occasion of Ram Navami. It will esume operations from Thursday.   


* 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

Wheat

Kota

1,88040
MaizeDavanagere1,68080

Maize

Nizamabad

Pusa 1121 basmati paddy

Amritsar

3,120-3,160

Bajra

Jaipur

1,350-1,400

 

End

 

Edited by Avishek Dutta

 

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