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India Grain: Purnea maize prices rises on low arrivals; wheat steady

Informist, Tuesday, Sep 20, 2022

 

By Tanya Rana

 

NEW DELHI – Prices of maize rose in Purnea, Bihar, due to a decline in arrivals as rain disrupted supply, while those of wheat were flat, traders said.

 

* Prices of MAIZE rose in Purnea due to a fall in arrivals, local dealer Kanhaiya Rastogi said.

 

* Arrivals were pegged at 9,000 bags (1 bag = 65 kg), compared with 15,000 bags on Monday. Arrivals fell as farmers couldn't offload their stocks due to unfavourable weather conditions. 

 

* In the key market of Davanagere, Karnataka, prices of maize were steady today. Arrivals were at 600 bags, down 400 bags from the previous trading day, local trader Shiva Kumar said.

 

* Prices are expected to fall by 300-350 rupees per 100 kg in around 10 days as farmers are selling off their old stocks at a cheaper rate before the arrival of new maize crops in the first week of October, Kumar added. 

 

* Prices of mill-quality WHEAT were stable in Kota, Rajasthan, as a fall in arrivals was offset by weak demand from domestic millers, said Aniket Mehta, a local trader.

 

* Arrivals were pegged at 15,000 bags (1 bag = 50 kg), down 5,000 bags from Monday. 

 

* In Indore, Madhya Pradesh, prices of mill-quality wheat were unchanged. Arrivals were pegged flat at 2,500 bags amid steady demand, said Jitendra Panwar, a local trader.

 

* Prices of BASMATI 1121 RICE were flat today because of steady demand from bulk buyers, traders said. 

 

COMMODITY  MARKET     PRICE     CHANGE
 (rupees/100 kg)    (rupees)
WheatIndore      2,300-2,350               —
WheatKota            2,220               —
Maize    Davanagere            2,350

               —

MaizePurnea      2,280-2,480               50
Pusa 1121 basmati riceAmritsar            8,750               —

 

End

 

Edited by Vidhi Verma

 

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