Informist, Monday, Oct 4, 2021
By Kavita Desai
MUMBAI - Prices of wheat in Kota and Indore rose today due to a pick up in domestic demand. Maize prices in Telangana's Nizamabad and Karnataka's Davanagere remained steady due to lack of strong demand, said market participants.
* WHEAT prices in Kota, the benchmark market, rose on steady arrivals and firm demand from domestic stockists. Arrivals were pegged at 7,000 bags (1 bag = 50 kg), said Aniket Mehta, a Kota-based trader.
* Prices also gained in Madhya Pradesh's Indore. Arrivals were steady at 2,000 bags (1 bag = 100 kg).
* Price of MAIZE in Davanagere, a key trading centre, remained steady as bulk buyers were reluctant to make huge purchases because of high moisture in the new crop. Today, around 10,000 bags (1 bag = 100 kg) arrived in the market, compared with 5,000 bags on Friday, said Shiva Kumar, a Davanagere-based trader.
* The new crop of maize has also started hitting the Nizamabad market in Telangana, however, prices were steady. Today, arrivals in Nizamabad were around 6,000 bags (1 bag = 50 kg) compared with 3,000 bags on Friday.
* Most spot markets were shut on Saturday on account of Gandhi Jayanti.
* Prices of BASMATI 1121 PADDY and BAJRA were largely unchanged across markets.
| COMMODITY | MARKET | PRICE (rupees/100 kg) | CHANGE (rupees) |
| Wheat | Indore | 1,950 | 20-25 |
| Wheat | Kota | 1,900 | 10 |
| Maize | Nizamabad | 1,500 | -- |
| Maize | Davanagere | 1,600-1,700 | -- |
| Pusa 1121 basmati paddy | Amritsar | 3,120-3,160 | -- |
| Bajra | Jaipur | 1,400-1,500 | -- |
End
Edited by Mainak Moitra
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