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India Grain: Wheat, maize prices flat in key markets

Informist, Friday, Sep 29, 2023

 

By Ishan Rathi and J Navya Sruthi

 

MUMBAI – Prices of wheat were flat today in Indore and Kota, market participants said. Maize prices in Purnea were also flat. Prices of maize in Davanagere were unavailable.

 

In Kota, Rajasthan, prices of mill-quality WHEAT were unchanged from Wednesday at 2,400-2,450 rupees per 100 kg, Aniket Mehta, a local trader, said. Arrivals were at 7,000-8,000 bags (1 bag = 60 kg), Mehta said.

 

In Indore, Madhya Pradesh, too, wheat prices were unchanged from Wednesday at 2,520 rupees per 100 kg, local trader Lavish Shah said.

 

The markets in Kota and Indore were shut on Thursday for Eid-e-Milad.

 

MAIZE prices in Purnea were flat at 2,050-2,100 rupees per 100 kg from Thursday, local trader Kanhaiya Rastogi said. Arrivals were at 5,000 bags (1 bag = 65 kg), he said.

 

As of Friday, maize acreage in India was 8.5 mln ha, up 3.2% from 8.2 mln ha in the corresponding period last year.

 

The following table details grain prices in major markets, along with the change:

 

COMMODITY

MARKET

PRICE

(rupees/100 kg)

CHANGE

(rupees)

Wheat

Indore

2,520

Wheat

Kota

2,400-2,450

Maize    

Davanagere

Maize

Purnea

2,050-2,100

 

End

 

Edited by Rajeev Pai

 

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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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