Informist, Friday, Jul 8, 2022
By Tanya Rana
NEW DELHI – Prices of wheat fell in benchmark markets across the country today due to weak local demand, while those of maize were steady across major markets, market participants said.
* Prices of mill-quality WHEAT fell in Indore, Madhya Pradesh, due to subdued demand from flour millers and stockists, said local trader N.K. Agarwal.
* Arrivals were pegged at 6,000 bags, down 2,000 bags from the previous trading day.
* The government's decision to cap wheat flour exports is also expected to weigh on the prices of the commodity for some time, Agarwal said.
* Prices of mill-quality wheat fell in Kota, Rajasthan, due to reduced domestic demand despite a decline in arrivals, said local trader Chander Khandelwal.
* Arrivals were pegged at 5,000 bags (1 bag = 50 kg), down 2,000 bags from the previous trading day. Arrivals were down as unsuitable weather disrupted supply.
* "Arrivals are expected to be low for the next few weeks as farmers are busy sowing other crops like paddy and soybean," traders said.
* Today, prices of MAIZE were unchanged in Purnea, Bihar, due to steady demand and supply, said Kanhaiya Rastogi, a local dealer.
* Arrivals were pegged at 30,000 bags (1 bag = 65 kg), unchanged from the previous day.
* Maize prices were also flat in Davanagere, Karnataka. Arrivals were pegged steady at 1,000 bags, said local trader Shiva Kumar.
* Prices of BASMATI 1121 PADDY and BAJRA were largely unchanged across markets.
| COMMODITY | MARKET | PRICE | CHANGE |
| (rupees/100 kg) | (rupees) | ||
| Wheat | Indore | 2,050-2,100 | (-) 25 |
| Wheat | Kota | 2,020-2,060 | (-) 60 |
| Maize | Davanagere | 2,600 | -- |
| Maize | Purnea | 2,100-2,250 | -- |
| Pusa 1121 basmati paddy | Amritsar | 3,120-3,160 | -- |
| Bajra | Jaipur | 1,400-1,500 | -- |
End
Edited by Namrata Rao
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