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India Grain: Wheat rises slightly in Kota; Davanagere maize flat

Informist, Friday, Jul 21, 2023

 

By Sayantan Sarkar

 

NEW DELHI – Prices of mill-quality wheat rose slightly in Kota, Rajasthan, while those of maize in Davanagere, Karnataka, were flat today. 

 

Prices rose slightly due to a drop in arrivals, said Aniket Mehta, a Kota-based trader. Arrivals were lower due to rainfall in the last few days, said the trader. 

 

In Kota, wheat was sold at 2,150-2,200 rupees per 100 kg, up 5-10 from the previous trading day. Arrivals were at 5,000 bags (1 bag = 50 kg) today lower from 10,000 bags the previous day.

 

In Davanagere, maize was sold at 2,100-2,350 rupees per 100 kg, steady from the previous trading day, said Shiva Kumar, a local trader. Arrivals were also steady at 500 bags, he said.

 

The government on Thursday prohibited the export of non-basmati white rice with immediate effect, the Directorate General of Foreign Trade said in a notification. The decision to curb exports comes amid lower paddy acreage and concerns over El Nino. Acreage of rice, the key grain in the kharif season, was down 6.1% on year at 12.3 mln ha as of Jul 14. The total area sown under paddy so far is 30.8% of the normal area for the season.

 

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

 

COMMODITY

MARKET

PRICE

(rupees/100 kg)

CHANGE

(rupees)

Wheat

Indore

Unavailable

Wheat

Kota

2,150-2,2005–10 rupees

Maize    

Davanagere

2,200-2,350unch

Maize

Purnea

Unavailable

 

End

 

Edited by Avishek Dutta

 

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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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